In Plan Roth Transfer Form (for converting any type of pre-tax contribution)
To convert your traditional (pre-tax) 403(b)(9) contributions to Roth (this includes Employer Match, Rollovers, and Elective Deferrals) use this form.
The amount that is converted to Roth will be taxable to the missionary in the form of a 1099 that the employee will receive from Principal Financial Group. This 1099 must be included with the missionary's tax filing for the appropriate year.
Please contact the Payroll Team (payroll@reliant.org) if you have questions about how to fill out this form or the tax implications.
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.
1 Comment
Barb Seckler
Sarah Swann - I added the forms to this page but could you also link them to the forms on Staffnet? Thanks!