Change your payroll deduction amount
You may change your payroll deduction elections at any time by completing a RIC Account Form. Remember that all money deposited into the 457 must go through your paycheck.
If you are terminating from employment and would like to defer final payouts (such as paid time off) with your last check, please indicate the final paycheck deferral amount and effective date on the RIC Account Form.
Change the taxation of payroll deductions
Check your employer page to see if 457 post-tax Roth contributions are allowed in your plan. If your employer allows Roth (post-tax) contributions, you may change the way your payroll deductions are taxed at any time. You may choose to have your deductions taken pretax (before state and federal tax withholding) or post-tax Roth (after state and federal tax withholding) or a combination of pretax/post-tax. To make a change to the taxation of your payroll deductions, complete the RIC Account Form.
Change your personal information
You may change your personal information at any time. Call your provider directly for changes to your name, address or beneficiary designation. The RIC office does not need notification of these changes.
Change your investment selection
You may change your investment selections at any time with no fees. Call your provider or change your selection online (see the provider section for web access).
- You may choose to sell any or all of their current investments and reinvest in alternative investments within RIC.
- Active RIC contributors may redirect future contributions to alternative investments within RIC.
Change your provider
A provider transfer refers to the movement of some or all of your RIC dollars from one investment provider to another provider in the plan.
To complete a transfer, be sure to:
- establish an account with the receiving provider
- complete the Transfer Between RIC Providers form
- complete your plan's RIC Account Form for payroll deduction changes if applicable
Transfers between providers are not recommended unless you have been dissatisfied with your current provider services or investments over a reasonable amount of time. Investments have no restrictions or fees for transfers.
Redirect your future contributions
You may redirect your future contributions to different investments (within your provider product) at any time. There are no transaction fees. You may wish to keep invested assets as they are or reallocate them to different investment options. Call your provider directly or logon to your provider's website and change your accounts online.
Change your beneficiary
You may change your beneficiary at any time by calling your provider directly.