ICMA-RC 403(b) Retirement Plan
Product ID: 265
Type:
Mutual Fund
$136
0.66%
None
No
Roth Eligible
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Enrollment and Questions
Use the following contact information to enroll or ask questions.
E-mail:
Address:
Website:
Phone:
(888) 803-2725
E-mail:
Address:
777 North Capitol St NE
Suite 600
Washington, DC 20002
Suite 600
Washington, DC 20002
In-person:
Questions about enrollment?
View the Contact Information tab on the Vendor Details page for a list of office locations.
View the Contact Information tab on the Vendor Details page for a list of office locations.
- Product Details
- Fees and Charges
- Investment Options
ICMA-RC serves the public sector. With our plan recordkeeping and administration business focused primarily on public sector retirement plans and participants, our unwavering aim is to deliver the highest quality service customized to the specific needs of our clients – public sector employees and employers. As a non-profit corporation, ICMA-RC can focus on its mission rather than on profit goals.
Select the topics below to expand and view additional product details
ICMA-RC offers a comprehensive suite of investment advisory and planning services through our Guided Pathways® Advisory Services program, providing the appropriate level of assistance to your employees based on how involved they want to be in their retirement investing decisions. Employees have access to Guided Pathways® Advisory Services over the telephone, through a dedicated and credentialed team, or directly through our website.
Guided Pathways® Advisory Services begins with a personalized retirement savings plan that provides employees with a wealth forecast developed from their individual information. Based on this wealth forecast, employees receive a savings rate recommendation and can see how changing certain factors impact their chances of reaching their retirement goals.
ICMA-RC makes available a mutual fund platform, which currently includes several thousand funds in more than 100 fund families. In addition, through our third-party mutual fund settlement and clearing agent, we have access to approximately 450 fund families and over 15,000 funds/share classes.
ICMA-RC's self-directed brokerage account program, VantageBroker, provides participants with access to additional investment options, including more than 13,000 mutual funds. Brokerage services are provided by TD Ameritrade , a registered broker-dealer and member of FINRA/SIPC.
Our Guided Pathways® Advisory Services provides asset allocation recommendations free of charge. It provides employees with a recommendation on how to divide their retirement plan assets among the different asset classes available in your plan. Employees remain responsible for selecting the actual funds to fill the recommended asset classes.
ICMA-RC offers automatic rebalancing within the Guided Pathways® Advisory Services Managed Accounts services. Quarterly, or as the participant notifies ICMA-RC of changes to his or her personal and financial information, Morningstar Investment Management re-examines the investment portfolio to determine if a reallocation to a different investment portfolio is needed. If a new investment portfolio is needed, the participant’s assets will be reallocated and rebalanced to the new target asset allocation. If a new investment portfolio is not needed, the participant assets are rebalanced so that they remain consistent with the target allocation of the existing recommended investment portfolio.
Our systems support a dollar cost averaging approach to investing in the stock market by allowing participants to contribute to their defined contribution plan via payroll deduction and allocate those contributions to equity mutual funds.
Our systems support a dollar cost averaging approach to investing in the stock market by allowing participants to contribute to their defined contribution plan via payroll deduction and allocate those contributions to equity mutual funds.
ICMA-RC provides comprehensive loan administration services. We confirm each participant’s eligibility, process loan requests, send applicable loan disclosure documents, maintain amortization schedules, process repayments, and handle any distributions that may result from a participant failing to make scheduled repayments. Participants can request loans online through Account Access. They also can model loans online. When loans are initiated, the terms of the loan are agreed upon up front by the participant at the time the loan is requested. Once the loan is processed, the loan proceeds can be sent via ACH or check and the loan documents are electronically delivered or mailed. Loan repayments (including additional payments) a processed by ACH debit from a bank account.
Participants can obtain §403 plan hardship withdrawal forms and information on applicable rules regarding hardship withdrawals, including the need for documentation of qualifying circumstances, from Participant Services Representatives via our Contact Center or from our website. Pursuant to a written agreement between the employer and ICMA-RC, the employer may delegate to ICMA-RC the functional process of reviewing hardship withdrawal requests.
ICMA-RC calculates the Required Minimum Distribution (RMD) for all participants over age 70½ and separated from service. For participants already receiving RMD payments, we adjust their payments each year to satisfy their RMD. For participants who are receiving payments, but who have not elected a payment schedule designed to meet their RMD, we review their accounts annually and adjust their payments, if necessary. For participants who are not receiving payments, we notify them to make a payment election.
Yes
All 403(b) products contain fees. The amount of fees varies greatly depending on the product. A slight increase in fees can
substantially reduce the growth in your account which will reduce your income in retirement. To learn more about the impact
of fees, and the different types of fees please refer to the
Explanation of Fees piece located in the
Help & Resources.
Fees
|
|
$3.75 | Quarterly | Flat Dollar Amount | No | No | Yes |
|
|
$75.00 | At the time of loan origination | Flat Dollar Amount | No | No | Yes |
|
|
0.00% - 0.55% | Annually | Range of Possible Percentages | No | No | Yes |
|
|
0.20% - 0.40% | At the time funds are invested | Range of Possible Percentages | No | No | Yes |
