Everything you need to support RIC plan participants
STATE OF IOWA’S RETIREMENT INVESTORS CLUB 403(B), 457(B) AND THE 401(A) PLANS
The Iowa RIC retirement plans are all now under the Empower recordkeeping system!
All plans and your participants, heritage MM and legacy, are now under one single enhanced website.
The Plan Service Center (PSC) website is your source for participant data and information now that the migration is complete. You will no longer have access to the legacy MassMutual EDGE website. The PSC offers a more streamlined way for you to access quarterly statements, beneficiary information, forms and participant contribution reporting. To learn more on how to gain access click here.
We are currently updating this website with new Empower resources. Be sure to review the new Financial Advisor Resources.
Please check back often as changes will occur over the upcoming weeks. For assistance, please call 833.999.IOWA (4692).
ANNOUNCEMENT: NEW PAYROLL DEDUCTION ELECTION PROCESS THAT ONLY APPLIES TO STATE EMPLOYEES IN THE 457/401(A) PLANS:
Education-related and local government employers participating in RIC plans are not affected by these changes.
For State of Iowa employees, the RIC Account Form is no longer being accepted for deduction change requests.
Employees of the State are now using Workday to make payroll deduction elections. To review the new process please visit https://das.iowa.gov/RIC/SOI/documents.
Effective on the closing date of the transaction, Empower Retirement (Empower) acquired the Massachusetts Mutual Life Insurance Company’s (MassMutual) retirement business. Through this transaction, business written by MassMutual is reinsured by Great-West Life & Annuity Insurance Company (GWLA) and in New York by Great-West Life & Annuity Insurance Company of New York. Concurrently, MassMutual retroceded business it reinsures from a cedent, which MassMutual assumed in a previous transaction. On the closing date of the transaction, Empower will administer the business on MassMutual’s behalf, with certain administrative services being performed by MassMutual and its affiliates during a temporary transition period. Additionally, GWFS Equities, Inc., will be the distributor of the MassMutual insurance products sold on Empower’s platform. Empower Retirement refers to the products and services offered by GWLA and its subsidiaries. GWFS Equities is a subsidiary of GWLA and an affiliate of Empower Retirement, LLC; Great-West Funds, Inc.; and registered investment advisers Advised Assets Group, LLC and Personal Capital. Empower is not affiliated with MassMutual or its affiliates.