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Marshall County supervisors approve joining State of Iowa 457(b) retirement plan
Summary
After a presentation showing large fee differences, supervisors voted to add the State of Iowa 457(b) Retirement Investors Club (RIC) as an optional deferred-compensation plan, citing lower fees and potential larger retirement balances for employees.
Marshall County supervisors voted Nov. 19 to add the State of Iowa 457(b) retirement plan as an additional deferred-compensation option for county employees after a presentation from a retirement-plan adviser.
Sean Monhan of Corbridge/Corebridge Financial told the board the state plan (the Retirement Investors Club, or RIC) offers a mutual-fund structure that drives much lower participant fees than many employer…
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