If you have a retirement account that you'd like to roll into your Reliant 403(b)(9) account with Principal Financial, log on to Principal.com. Select the Rollovers Section and choose from the options to either "Explore Rollover Options" or "Start Your Rollover."
Rollover/Distribution out of a Reliant 403B retirement account:
Exited employees can request a rollover out of a Reliant 403B account into another employer-sponsored retirement account:
1) See Termination/Exit Employment with Reliant)
Current employees can make withdrawals from the retirement account under the following circumstances:
1) If the employee is still employed with Reliant but has reached "retirement age" which currently starts at 59 1/2
- Withdrawals can be made payable to the employee and tax forms will be distributed to the employee by Principal at year-end to report those distributions when filing their taxes(See Withdrawal (Age 59 1/2 or Higher)
- Rollovers into another retirement or investment account of the employee can also be made. (See Withdrawal (Age 59 1/2 or Higher)
- Withdrawals made payable to the employee to be used as parsonage and tax forms will be distributed to the employee by Principal at year-end to report those distributions when filing their taxes (if the employee contributed those funds to the account when they were employed as a minister by Reliant) See Withdrawal as Parsonage (Age 59 1/2 or Older )
2) If the employee is NOT of retirement age and is currently still employed by Reliant, two types of *withdrawals are allowed (*Note: additional IRS and plan rules apply): 403B Loans and Hardship Withdrawals
5 Comments
Barb Seckler
Sarah Swann - I added the form to this page but we can also link to Staffnet. Could you assist with that please?
Sarah Swann
Sure! Are you asking me to just add a link on this page that will send them back to staffnet or are you asking me to add a PDF of this page onto staffnet?
Barb Seckler
The first - can you add a "button" to click that links them back to staffnet to the form that I have posted? Thanks!
Sarah Swann
I linked to the form to download from staffnet and linked back to the staffnet page. Eventually we are going to start taking things down from staffnet, so we may not want to link them to the staffnet webpage very often. But, the forms to download will keep their url that was on staffnet. If they've found it here on Solomon, then they've come to the place we wanted them to come for the future.
Sarah Swann
Barb Seckler, Sarah Swann - I deleted the button that was created to remove the connection to the Staffnet form. FYI.