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Cedar Falls, City of

220 Clay Street
Cedar Falls, Iowa 50613
Phone: (319) 268-5112 / Fax: (319) 268-5126
 

Plan details specific to the City of Cedar Falls 457/401a plans are shown below.  Access additional program information including enrollment, providers, and distributions from the left menu. Take advantage of this great employee benefit today!  
 
Eligibility   Contributions   Investments   Payroll changes
Employees working 20+ hours/week (year-round) are eligible to participate.   457 Limits: Min = $25/mo, max = IRS annual limits
457 Types: Pretax and post-tax Roth
457 Catch-up  - 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.
  Your employer selected all RIC providers to offer investment options and services.  A list of fund options by provider and investment category is available in the RIC At-A-Glance.
 
  You may request a change to your existing payroll deduction amount at any time by completing your plan's RIC Account Form and forwarding it to your payroll office.

Provider transfers - You may request transfer of assets between providers at any time.

  • Transfer assets between RIC providers by establishing an account with the receiving provider and completing the RIC Account Form.  There are no restrictions or fees for this type of transfer.
  • Rollover assets from your current provider to an established account with one of the RIC providers.  The receiving RIC provider will give you the required paperwork and processing instructions to complete the rollover.  Your current non-RIC provider may impose surrender restrictions or penalties.