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Program Basics

The Retirement Investors' Club (RIC) is a voluntary retirement savings program that allows you (if eligible) to set aside a portion of your salary for use as income in retirement along with your pension and Social Security benefits. Image of the 3-legged retirement income stoolThrough automatic payroll deductions, you choose how much to save per paycheck (up to the IRS annual limits). Your deductions are then invested in the selection of RIC investments you choose. There are no vesting requirements for either account. Review the RIC At-A-Glance from your employer's page for a program summary and list of available investments in your plan.

How your RIC accounts work

As an RIC participant, you have two accounts:

  • 457 Account- Deductions from your paycheck, in the amount you choose, are deposited into your selection of RIC investments in a 457 employee contribution account. You may choose to have deductions taken from your paycheck before state and federal income taxes (pretax) or, if allowed by your employer, after taxes have been withheld with the post-tax Roth option (to see if the Roth option is available in your plan view your employer's webpage).
  • 401a Account- You may roll in assets from eligible outside retirement plans such as 401k, 403b, 401a, IRA. If your employer matches a portion of your contributions, they are deposited into your 401(a) account.



View your employer's eligibility requirements by clicking on your employer link here.

Additional Education

Attention You will notice references to certain plan features (such as an employer match and available providers) and processing instructions that are specific to state employee plans only. If you have questions about your specific plan, please contact or call Robbie directly at 515-242-6846.

To review a presentation on the basic features and benefits of the RIC program, you may:

  • Ask your employer to schedule a RIC Deferred Compensation Basics webcast free of charge here.
  • Contact your plan's provider(s) at anytime.

Non-State Public Employers