The City of West Des Moines has partnered with the Iowa Retirement Investors' Club (RIC) to provide a replacement 457 plan. On November 1, 2017, the City's current 457 plan was terminated and the RIC plan became available for contributions and rollover assets.
Existing 457 assets must move out of the old plan by November 1, 2018 in one of 3 ways:
- Non-taxable rollover to the RIC plan
- Non-taxable rollover to other eligible plan
- Taxable cash distribution
Non-Contributors and Retirees are encouraged to review the BrainShark presentation below. If you have any questions about the program, please visit RIC's website: https://das.iowa.gov/RIC/PSE or call Voya at (515) 698-7973.