Welcome to the website AIG Retirement Services has created especially for you, as an employee eligible to participate in the State of Iowa 403(b) retirement plan. As a provider for your retirement plans, AIG Retirement Services is committed to providing personal service whenever and wherever it is convenient for you.
The plan highlights are only a brief overview of the plan's features and are not a legally binding document. The information in this section does not modify the terms of the plan and in the event of a conflict, the terms of the plan control.
Participation in the plan is open to all employees upon employment.
There are no age or service requirements for eligible employees to participate in the plan.
Through payroll deduction, your plan allows you to make pretax contributions up to the maximum allowed by the Internal Revenue Code. Special catch-up provisions may also be available. Talk to your financial advisor for more information.
If you have an existing qualified retirement plan (pre-tax) or 403(b) tax deferred arrangement account with a prior employer or hold a traditional IRA account, you can roll over that account in the plan on becoming a participant in the plan.
Money can be withdrawn from the plan in these events:
Income taxes are payable upon withdrawal and federal restrictions and a 10% tax penalty may apply to early withdrawals. Be sure to talk with your tax advisor before withdrawing any money from your Plan account.
The plan is intended to help you put aside money for your retirement. However, State of Iowa, subject to your school district’s plan provisions, has included a plan feature that enables you to access money from the plan.
Unpaid loan amounts will be taxed as ordinary income and may incur a 10% federal tax penalty if you are under age 59½.
Other requirements and limits must be met prior to borrowing money from your account. For additional information regarding loans, please see your financial advisor. Refer to the Summary Plan Description for more details about this participant loan feature.
The following mutual funds are available in your retirement plan. They provide you with the flexibility you need to create a suitably diversified portfolio that matches your personal retirement time horizon, investment risk tolerance and investment preferences.
To view or print a prospectus, access “Prospectuses and Other Important Materials”. The prospectus contains the investment objectives, risks, charges, expenses and other information about the respective investment companies that you should consider carefully before investing. Please read the prospectus carefully before investing or sending money. You can also request a copy by calling 1-800-428-2542.