2301 Highway 71 South
Spirit Lake, Iowa 51360
Phone: (712) 336-8700 ext. 8790
Fax: (712) 336-8621
Welcome to your employer-sponsored retirement savings benefit - the Iowa Retirement Investors' Club (RIC)! Take advantage of this great employee benefit today!
RIC Introduction Overview presentation slides from June 11, 2025
Eligibility
All employees are eligible to participate.
Enrollment
Enrollment is always open. Review enrollment options available through a RIC provider and complete the RIC Account Form.
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 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.
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 number 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
- Distribution options differ based on your employment status.
- Active Employees: Distribution options are limited while you are currently employed.
- Separated Employees: Once you have separated from employment, you may request a distribution from your provider at any time.