The Iowa Retirement Investors’ Club (RIC) is our voluntary retirement savings program that allows you to set aside a portion of your salary for use as income in retirement. Through automatic salary reductions, you choose how much to save per paycheck up to the IRS maximum annual limits. Complete the RIC 403b Salary Reduction Form to enroll or contact Betty Hesseling for more information.
IRS 403b maximum contribution limits are:
| Year | Regular | Age 50+ | 15-Year Catch-Up | Total Employee | Total EE & ER |
| 2020 | $19,500 | $26,000 | $22,500 | $ 29,000 | $57,000 |
| 2019 | $ 19,000 | $25,000 | $22,000 | $28,000 | $56,000 |
Existing participants – You may make changes to the amount of your contributions at any time by completing the RIC 403b Salary Reduction Form and submitting it as instructed on the form.
New to RIC? Check out the great benefits and find out how to enroll by visiting the RIC website.