403(b)(9) General Overview

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

Reliant's 403(b)(9) Plan offers two types of savings opportunities for our employees: Traditional vs. Roth Contributions

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 403(b)(9) plan at a $50 employee contribution amount (see see Enrollment & Eligibility). Upon reaching eligibility, Reliant will send an email stating the eligibility date has arrived and that they have been auto-enrolled on the Principal site. Employees will then need to register on the Principal site in order to access their Principal account. If an employee wishes to make any changes to the contribution amount that will need to be done through their online account with Principal after their eligibility date has arrived. 

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

Reliant automatically will contribute a $50 Withdrawals made from the 403(b)(9) Plan Retirement account prior to age 59½ may incur tax penalties. Reliant employer match from the MTD account for which you are responsible into your retirement account upon reaching participation eligibility. Reliant also offers an employer match of $1 for every $1 employees contribute to the 403(b)(9) 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 and it does affect your support goal. You will need to submit a new support goal to reflect any changes to your contributions. 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.  

Withdrawals can made from the 403(b)(9) Plan Retirement account. (See Withdrawal (Age 59 1/2 or Higher) and Withdrawal as Parsonage (Age 59 1/2 or Older )). Withdrawals made prior to age 59½ may incur tax penalties.

For questions or additional information about Reliant's 403(b)(9) Plan please contact contact payroll@reliant.org. 

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