Employment Differences

This page outlines some of the basic employment differences between Reliant and the legal entity. Any Reliant employee looking to join the legal entity will need to acknowledge that they are willing to work in these differences as a legal entity employee.

Behavior

• Legal Entity employees will need to keep their social media and online content free from religious or political commentary as this could negatively affect the security of the legal entity.

Financial

• Because the security risk typically outweighs any tax benefit for international employees, Legal Entity employees will not be classified as Ordained or Commissioned. This has the following implications:
  1. Employees will not be able to utilize parsonage.
  2. Social Security will be paid traditionally - 7.65% coming from the employee's paycheck and 7.65% being paid directly from Reliant (deducted from MTD account).
  3. Empoyee will not receive a FICA bonus to cover employer portion of social security.
  4. Employee will not be able to opt out of social security, since that is religious in nature.

Benefits

• Legal Entity employees will be enrolled in a 403b Retirement Plan. This is slightly different than the 403b9 plan that other Reliant employees have. 403b is a general non-profit account, while 403b9 is specifically for religious organizations. This may affect an employees ability to draw parsonage from the account when they retire.
• When transferring from Reliant 403B Retirement Plan to the legal entity 403B Retirement Plan there is a 90-day enrollment period before an employee is eligible to contribute to the legal entity 403B Retirement Plan. Therefore, an advance totaling two additional months of the employee's normal 403B monthly contribution amount will be given during the last month of Reliant payroll. That advance amount will go to Principal during the last month of employment with Reliant to prepay for 2 additional months of contributions into the Reliant 403B plan. This will make up for the 2 future months that will be missed with the legal entity 403B Retirement plan due to ineligibility of enrollment within the first 90 days. The employee will then see the advance repayments come out of their first two paychecks with the legal entity in the amount of their normal monthly 403B payment. This allows the employee to see no change in monthly contributions deducted from their paycheck and they will still be able to have given monthly towards their 403B plan even during the ineligible months.