Manage Your 403(b) Plan

Contributions

Maximum contribution limits: Pre-tax and post-tax Roth 403(b) contributions may be made in the same year in any proportion you choose (not all employers allow Roth). However, the combined amount of all elective contributions made in a calendar year is regulated by the limits shown below:

• Regular limit: $19,000 (2019 limit)
   
• 50+ catch-Up limit: $6,000 (2019 limit) for persons 50 or older - $25,000 total

Investments

SFR Program Performance Reports for Iowa RIC:

• Most recent month-end performance (PDF)
   
• Most recent quarter-end performance (PDF)

Check out our Retirement Plan Calculators to help plan for your future!

Changes

Ask your local financial advisor to help you roll your outside retirement plan assets into the RIC plans at any time. See rollovers for more information

• Payroll deduction: To make changes to payroll deductions, submit an RIC Form to your payroll office.
   
• Investment selection: You may transfer assets to new investments and/or redirect future contributions only by contacting your Security Benefit financial advisor or logging into your account.
   
• Personal information: You may update your name, address and beneficiaries by contacting your Security Benefit financial advisor or or logging into your account.
   
• How do I change my PIN?: Contact Security Benefit at [email protected] to request a new PIN.

Distribution

In-service: Hardship Withdrawal, Age 59 ½, Loan, Service Credit Purchase, Death

• Termination from employment: IRS 10% age penalty may apply prior to age 55
   
• Cash distributions: Taxed as ordinary income and reported on IRS 1099R Form. IRS 10% age penalty may apply prior to age 59 ½
   
• Rollover: Non-taxable transfer to an eligible employer plan or IRA

Rollovers

Existing assets in previous employer 401(k), 403(a), 403(b) and 401(a), as well as assets in traditional, roll-over, and SEP IRA accounts may be rolled into the RIC 403(b) Plan at anytime. This is a non-taxable transfer.

To request a rollover, you may:

• Contact your local Security Benefit financial representative
   
• Call Security Benefit customer service at 800.888.2461.

Tax Benefits

• Pre-tax: Contributions are made before state and federal taxes and earnings grow tax-deferred for qualified distributions.
   
• After-tax: Roth contributions are made after tax and investment earnings grow tax-free.