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Waverly Health Center

312 Ninth Street SW
Waverly
, IA 50677
Phone: (319) 352-4120 / Fax: (319) 483-4027
 

Plan details specific to the Waverly Health Center 457/401a plans are shown below.  Access additional program information from the left menu. Enrollment is year round!  Look forward to retirement by taking advantage of this great employee benefit today!

Eligibility   Contributions   Enrollment & Investments   Changes & Distributions
Employees working 20+ hours/week 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

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 MassMutual and Voya.

Investments: MassMutual and Voya 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 Waverly Health Center 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.