403B (9) General Overview

Reliant now offers a 403B retirement plan option (previously 401K was offered) to eligible employees. We have chosen the 403B (9) option which is a Retirement Church retirement church saving plan managed by Principal Financial Group. Just like many 401K/403B plans Reliant's 403B(9) retirement plan has a matching incentive. Reliant will match funds (up to a certain percentage) that their employees contribute to the 403B plan. The matching incentive is designed to motivate employees to contribute funds to the retirement savings plan.

Reliant's 403B (9) Plan offers two types of savings opportunities for our employees: Traditional 401(k) and Roth 401(k).

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 403B plan at a $50 contribution amount (see Enrollment & Eligibility).

Withdrawals made from the 403B Plan Retirement account prior to age 59½ may incur tax penalties. Reliant offers an employer match of $1 for every $1 employees contribute to the 403B plan, up to a maximum of 5% of their eligible earnings. The match is paid directly from the MTD account the employee is responsible for with Reliant. See Employer Matching Contributions for more details.   

To change your Contribution see Changes to Contributions. Contribution changes must be submitted to Principal by the 19th to be effective on the following month's paycheck.  

For questions or additional information about Reliant's 403B Plan please contact the Employment Services Department at benefits@reliant.org. 

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