Change effective 1/1/24 to 403(b)(9)
Solomon is being updated with information on Reliant's new 403(b)(9) plan. That information will be published in the coming weeks.
401(k) General Overview
A 401(k) plan is a retirement saving plan offered by employers for their employees. Many 401(k) plans have a matching incentive where an employer will match funds that their employees contribute to the 401(k) plan. The matching incentive is designed to motivate employees to contribute funds to the retirement savings plan.
Reliant provides a 401(k) plan that is managed by Principal Financial Group.
Reliant's 401(k) Plan offers two types of savings opportunities for our employees: Traditional 401(k) and Roth 401(k).
Employees who have worked for Reliant at least 1 year are eligible to begin participating in the 401(k) plan. Upon becoming eligible to participate, employees will be auto-enrolled in the 401(k) plan at a $50 contribution amount (see Enrollment & Eligibility).
Withdrawals made from the 401(k) Plan Retirement account prior to age 59½ may incur tax penalties. Reliant offers an employer match of $1 for every $1 employees contribute to the 401(k) plan, up to a maximum of 5% of their eligible earnings. The match is paid directly from the MTD account the employee is responsible for with Reliant. See Employer Matching Contributions for more details.
To change your Contribution see Changes to Contributions. Contribution changes must be submitted to Principal by the 19th to be effective on the following month's paycheck.
For questions or additional information about Reliant's 401(k) Plan please contact the Employment Services Department at benefits@reliant.org.
Reliant's 401(k) Contract Number
Table of Contents
- Announcement - September is 401(k) month
- Annual Contribution Limits 403(b) Plan
- Approved Plan Document and Amendments
- Beneficiary Information
- Changes to 401(k) Plan and Annual Notices
- Changes to Beneficiaries
- Changes to Contributions
- Changes to Investments
- Complimentary Consultation with a Financial Expert
- Create an SSA account
- Employer Matching Contributions
- Enrollment & Eligibility
- Forms for Retirement
- Hardship Withdrawal
- Investment Options
- Loans
- Market Volatility and 401(k) Planning
- Newletters with 401(k) & Retirement Planning Articles
- Principal.com Features and Tools to help you Plan your Retirement
- Registering at Principal.com
- Rollover Funds to Reliant's 401(k) Plan from a Previous Retirement Plan
- Roth Conversion Form
- Roth Transfer Form
- Savers Tax Credit
- Summary of Plan Provisions
- Termination/Exit Employment with Reliant
- Traditional vs. Roth Contributions
- Vesting Schedule
- Withdrawal (Age 59 1/2 or Higher)
- Withdrawal as Parsonage (Age 59 1/2 or Older )
Related links
- Principal Financial Group
- Traditional 401(k) and Roth 401(k)
- Enrollment & Eligibility
- Employer Matching Contributions
- Withdrawals
- Changes to Contributions
Who to contact at Principal
- General Help Line — should get you to a live person (counselor option near end of message): 800-547-7754
- Electronic Services Support Line: 877-475-3436
- For international callers who can't use a 1-800 number please call 515-248-9999.
9 Comments
Mike Swann
Unknown User (christine.stitt@reliant.org) and Barb Seckler, could this page also have a quicklink to principal.com.
All this information above is great, but it would probably good to have a "Need to make a change to your withholdings? Click here"
Barb Seckler
Mike Swann - I'd want Unknown User (ed.courtney@reliant.org) to weign in on that because the "design" of this was supposed to be links to solomon pages not actual text I thought.
Mike Swann
A lot of times we have put some "introductory information on the landing page."
Since this is the first place it goes to when you click 401(k) on staffnet, it would be nice if it had some "quick links" to the websites
Mike Swann
Actually Barb Seckler, we might consider putting the info from 401(k) General Overview at the top of this page, with the Table of Contents under it. Unknown User (ed.courtney@reliant.org), what do you think?
Unknown User (ed.courtney@reliant.org)
Barb Seckler Mike Swann What do you guys think about something like this? It's similar to what Christine did on Reimbursements Old. If we did this, we could even get rid of 401(k) General Overview.
Barb Seckler
Unknown User (ed.courtney@reliant.org) looks good to me - but we may want to add a quick link for how to change their contribution - that's one mike specifically asked about. Want me to add that here or on the 401(K) overview? I'm not sure how you linked this
Unknown User (ed.courtney@reliant.org)
You can add it on this page. Under Related links at the top of the second column.
Barb Seckler
Done, i added in the text and as a link. ok Mike Swann - does this make you happy?
Mike Swann
Barb Seckler and Unknown User (ed.courtney@reliant.org), this is awesome!!