Human Resources

Retirement Investors' Club (RIC) 403b Program
Providers and Investments There are 6 RIC 403b active investment providers available to open new accounts and offer a variety of investment options ranging from conservative fixed rate accounts to aggressive growth mutual funds. These providers have easy tools to help you determine your investment style and explain what investment options might be appropriate for your savings goals.	Provider Summary PDF
Review RIC's Provider Summary for active provider contact information and a list investment options, as well as sample interview questions to ask a provider when you call. You may change your investment options at any time with no fees. Active provider information Product guarantees Past performance of asset classes

If you are with an inactive provider, your options for investments may be limited and changes to your investments may generate fees. Contact your inactive provider to discuss the options for investment in your product. If your current investment options or services are not meeting your needs consider an exchange of your assets to one of the active providers shown above.

 

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Fixed rate guarantees

If your insurance company fails, the maximum amount of protection provided by Iowa Life & Health Insurance Guaranty Association for fixed accounts that are guaranteed by general assets of the insurance company is $250,000. This is the case for fixed accounts offered by Horace Mann, ING, TIAA-CREF, and VALIC

With regards to funds held in an insolvent insurance company’s separate account, loss of those funds would not be covered by the Guaranty Association. It should be recognized that funds in the insolvent insurance company's separate account are not subject to the claims of the insolvent insurer’s creditors, and therefore it is anticipated the values in that account would not be affected by the insolvency of the insurer. A separate account may increase and decrease in value because of the performance of an external reference or product, but it is not affected by the solvency of the insurer’s general account. This is the case for separate accounts offered by Hartford and Security Benefit.

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Past performance of asset classes

The following graph gives an illustration of investing a dollar in different asset classes in the market from 1926 to the end of 2007. The returns and dollar value shown represent past performance only and does not guarantee future results. The red arrow at the bottom indicates when 9-11 occurred.

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