When making a change to your 401(k) contribution amount, please also submit an updated support goal in Toolbox. All changes must be submitted to Principal by the 19th of the month to be effective on the following month's paycheck.
International Employees Please Read
Reliant encourages all international employees to seek tax counsel regarding IRS ruling 70-491 when determining if the Roth option is something they should utilize for their retirement savings. There may be tax implications of selecting Roth for your retirement funds while filing under the Foreign Earned Income Exclusion to consider and discuss with your tax counsel.
401(k) Contribution Changes
Reliant will calculate the 401(k) match based on your contributions and earnings and add that amount to your 401(k) account from the MTD account at payroll. The process below is only used for changing the amount deducted from your paycheck.
- Login to the Principal website.
- On the welcome page, click on tab "Contributions" from main selection bar at the top.
- Beneath "Contributions" select "Manage Contributions."
- You will reach a page titled Manage Your Contributions. Select the blue box "Change Your Contribution Rate."
- On the Contribution Amount page you'll have the option to type in a new dollar amount to be contributed from your paychecks to the 401K Plan. To change the dollar amount of your Regular 401K Contribution (Salary Deferral Contribution) fill in the dollar amount in the box "Your contribution is ________." If you prefer Roth Elective Deferral Contributions fill in the dollar amount in the box "Roth Elective Deferral ________." Finally, select the "Continue" button to advance to the next screen.
- You will be routed to a confirmation page. Review the change to make sure it is correct. Check the box confirming the information and click the "Submit" button to finalize the change.
