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Iowa Western Community College

2700 College Road
Council Bluffs, IA 51503
Phone: (712) 325-3428 / Fax (712) 325-3739
 

Plan details specific to Iowa Western Community College RIC 457/401a plans are shown below. Participation is through automatic payroll deductions in the amount you choose and may be changed or stopped at anytime. Access full 457/401a program information from the left menu. Enrollment is year round! 

403b Plan Option: Your employer also offers a RIC 403b retirement savings option. For information specific to your employer's RIC 403b plan go to 403b employer plan details. Visit the RIC 403b website for full 403b program information.

Eligibility   Contributions   Enrollment & Investments   Changes & Distributions
All employees are eligible to participate.   457 employee contributions: Option to save pretax and post-tax Roth through payroll deductions:
  - minimum $25/month
  - maximum up to IRS annual limits

401a match plan: Salaried employees are eligible for employer match contributions up to an annual maximum of $1,300 ($50/pay period). There are no vesting requirements.

Catch-up  - Close to retirement, the 3-Year Catch-Up benefit allows qualified participants to contribute over the Age 50+ limit. To find out if you qualify,request a 3-Year Catch-Up Worksheet

 

  Enrollment: Enrollment is always open. Review the different enrollment options available through your plan's RIC providers. 

Investments: RIC providers offer a variety of investment options and provides help with enrollment, investment selection, and account reviews at no extra cost. A list of fund options by investment category is available in the RIC At-A-Glance PDF.

  Payroll deductions - You may request a change to your existing payroll deduction amount and tax treatment at any time by completing the Iowa Western Iowa Community College RIC Account Form PDF and forwarding it to your Human Resources Department.

Account management: To manage investment selection, obtain account information, change personal or beneficiary information, access your account online or call your provider.

Distributions: While employed, distribution options are limited. Once separated from employment, contact your provider directly to request distributions.

Provider transfers: To transfer assets between RIC providers, establish an account with the receiving provider and complete the RIC Account Form. There are no restrictions or fees for this type of transfer.