| 303 Wambold Drive Winterset, IA 50273 Ph: 515-462-2718 / Fax: 515-462-2732 | |||
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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! 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 | Employees age 55 or older are eligible to participate. | |||
| 457 Employee Contributions | Pretax 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. | |||
| Enrollment | Enrollment is always open. Review enrollment options available through the RIC providers. | |||
| Providers & Investments | Investment options and services are made available through the RIC providers. For enrollment options and additional provider information, see RIC providers. 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. Provider transfers: To transfer assets between RIC providers, see Change Your Provider. There are no restrictions or fees for this type of transfer. | |||
| 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 | Corebridge, Empower, Horace Mann, Voya | |||