| 40 Central Ave S.E. Le Mars, IA 51031 Phone: 712-546-7018 / Fax: 712-548-4976 | ||
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| Welcome to your employer-sponsored retirement savings benefit - the Iowa Retirement Investors' Club (RIC)! Plan details specific to this employer are shown below. Access additional program information from the left menu. RIC has no vesting requirements. Take advantage of this great employee benefit today! | |||
| Eligibility | All employees are eligible to participate. | ||
| 457 Employee Contributions | Pretax and Roth (post-tax) contributions are available through payroll deductions up to IRS 457 annual maximum limits. There is no minimum. Request to begin, change or stop payroll deductions at any time by completing the RIC Account Form PDF and forwarding it to your Human Resources Department. 3-Year 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 enrollment options available through a RIC provider (or simply call Michael Ruhland at 712-546-9525 or Joe Susemihl at 712-546-8105) and complete the RIC Account Form. | ||
| Providers & Investments | Investment options and services are made available through Empower. View the RIC At-A-Glance for a list of funds. Help from investment advisors with investment selection and account reviews is available through your provider at no extra cost. Advisors with questions about RIC can view Information for Advisors. Investment changes may be made at any time by logging into your provider account, calling the toll-free # or meeting with your provider representative. There are no fees for fund transfers. | ||
| Account Management | 24/7 access is available for investment selection, personal information such as address or name change and beneficiary updates. | ||
| Roll-ins | At any time, participants may roll outside retirement account assets into RIC (non-taxable event) to take advantage of the RIC benefits. Contact your RIC advisor if you wish to roll assets in. Assets rolled into RIC are available for distribution without investment restrictions or penalties. | ||
| Distributions | While employed, distribution options are limited. Once separated from employment, you may remain invested and request a distribution from your provider at any time. | ||
| Investment Providers | Empower | ||