403(b)(9) General Overview

Reliant now offers a 403(b)(9) retirement plan option (previously 401(k) was offered) to eligible employees. We have chosen the 403(b)(9) option which is a retirement church saving plan managed by Principal Financial Group. Just like many 401K/403B plans Reliant's 403(b)(9) retirement plan has a matching incentive. Reliant will match funds (up to a certain percentage) that their employees contribute to the 403(b)(9) plan. The matching incentive is designed to motivate employees to contribute funds to the retirement savings plan. Reliant Missionaries are 100% vested from the point they start contributing to the 403(b)(9) Plan.  

Reliant's 403(b)(9) Plan offers two types of savings opportunities for our employees: Traditional vs. Roth Contributions. Reliant auto-enrolls employees in the traditional contribution. Employees may opt to change to the Roth or give additional contributions to Roth as well as Traditional. 

Employees who have worked for Reliant at least 90 days are eligible to begin participating in the plan. Upon becoming eligible to participate, employees will be auto-enrolled in the 403(b)(9) plan at a $50 employee contribution amount (see Enrollment & Eligibility). Upon reaching eligibility, Reliant will send an email stating the eligibility date has arrived and that the employee has been auto-enrolled on the Principal site. Employees will then need to register on the Principal site in order to access their Principal account. If an employee wishes to make any changes to the contribution amount or type of contribution, the changes will need to be done through their online account with Principal after Reliant has informed them that their eligibility date has arrived. 

To change a contribution see Changes to Contributions. Contribution changes must be submitted to Principal by the 19th to then be effective on the following month's paycheck. Principal informs Reliant of any changes for payroll.

Reliant also offers an employer match of $1 for every $1 employees contribute to the 403(b)(9) plan, up to a maximum of 5% of their eligible earnings. Upon reaching participant eligibility, Reliant automatically will contribute a $50 employer match from the MTD account for which employees are responsible into the retirement account. (See Employer Matching Contributions for more details.) The match is paid directly from the MTD account the employee is responsible for with Reliant and it does affect the employee support goal. Employees will want to submit a new support goal to reflect any changes to their contributions made on the Principal site. 

Withdrawals can made from the 403(b)(9) Plan Retirement account. (See Withdrawal (Age 59 1/2 or Higher) and Withdrawal as Parsonage (Age 59 1/2 or Older )). Withdrawals made prior to age 59½ may incur tax penalties.

Reliant employees are also eligible to receive a 403(b)(9) loan. (See Loan Guidelines)

For questions or additional information about Reliant's 403(b)(9) retirement plan please contact payroll@reliant.org. 

Table of Contents

• 403(b)(9) Announcements
  • 403(b)(9) Q&A Webinar Info
  • 403(b)(9) Retirement Saving Month- September 2023
  • 403(b)(9) week - Email 9/11/2023
  • Announcement - September 2023 is 401(k) month
  • Fixed Term 403(b)(9) Launch Email
• Annual Contribution Limits 403(b)(9) Plan
• Approved Plan Document and Amendments
  • Coronavirus Aid, Relief, and Economic Security Act (CARES Act) Amendment
• Beneficiary Information
• Changes to 401(k) Plan and Annual Notices
  • Annual Safe Harbor Notice to Employees
  • Automatic Contribution Arrangement Participant Notice
  • Important Participant Notice Regarding Qualified Default Investment Alternative and Automatic Contribution Arrangement
  • Investment Change Notification - Effective 11/15/2018
• 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 403(b)(9) 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 )