For Advisors Only

RIC offers supplemental plan services to 3 types of Iowa employers.

1. 457/401a plans (State of Iowa)
2. 403b plans (Education-related employers)
3. 457/401a Plans (Public-sector employers)

State of Iowa (SOI) 457/401a Plans

All State of Iowa agencies have year-round enrollment, payroll deductions up to 26/year, all RIC 457 plan provider options, and an employer match up to $75/month.

Authorized providers

• Corebridge (formerly AIG)
• Empower
• Horace Mann
• Voya

Learn more about authorized providers for SOI plans.

Resources

• SOI website
• Product fees
• Payroll deductions are made in Workday
• Transfers between RIC providers

Education-Related Employers (ERE) 403b Plans

Participating K-12 schools, area education agencies (AEA), and community colleges may choose plan options in terms of eligibility requirements, enrollment/payroll change periods, loans, hardship withdrawals, Roth, employer contributions, roll-ins, and inactive provider exchanges (see ERE employer plan details).

 Some of the ERE employers offer a 457 plan in addition to the 403b plan (see PSE employer plan details).

Authorized providers

• Corebridge (formerly AIG)
• Empower
• Horace Mann
• Voya
• American Fidelity
• Equitable
• National Life Group
• Security Benefit

Learn more about authorized providers for 403b plans.

Resources

• ERE website
• 403b At-A-Glance (provider summary)
• 403b Salary Reduction Form (payroll changes)

Public Sector Employers (PSE) 457/401a Plans

Participating cities, counties, municipalities, community colleges, public hospitals, etc. may customize their plans in terms of the number of RIC providers, eligibility requirements, enrollment and deduction change periods, Roth and employer contributions (see PSE employer plan details).

Authorized providers

• Corebridge (formerly AIG)
• Empower
• Horace Mann
• Voya

Employers may choose one or more of the providers.

Resources

• PSE Website
• Provider options: Employer plan details
• Payroll form: Employer plan details

Advisor contact information