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titleBasic Coverage
Note
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Every year it's helpful to take time to log in to your 403(b) account with Principal and review these essential Basic essential Basic features and aspectsof your retirement account. 

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titleStandard Coverage
Note
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Employer retirement plans offer some coverages that a personal IRA don't have - most importantly an Employer Contribution!

Understanding the employer contribution benefit available to you is crucial to be able to ensure you're getting the Standard benefits all Reliant employees have access to.


 Employees of Reliant have two options for an employer contribution, based on their employee type and fundraising goal model. 

In both cases, the funds used for the employer contribution are raised as a part of the employee's goal. The employer contribution is 100% "vested" at the point the employee is eligible for ther 403(b) Plan.  "Vested" means that those contributions are yours to keep even after you exit employment with Reliant. 

Find the option below that best fits your role and review the steps we recommend to ensure you are getting the best benefit for your situation.

  •  Career employees are eligible for a 5% employer-match.  If you are not contributing 5% of your eligible wages to 403(b) then you are missing out on the opportunity be matched 5% and increase your retirement savings. Review your budget and consider increasing your elected paycheck contribution, to ensure you're getting the maximum 5% match benefit. Note: the employer match is calculated and deducted from the MTD account automatically every month, if you are in this career employee category.
  •  Fixed term employees (please confirm this classification status with your program team): These employees have a special option to elect an employer contribution that is deducted monthly from the MTD account and deposited into the retirement account with Principal.  There is no obligation for the employee to contribute from their paychecks to be eligible for this benefit, however we encourage employees to also consider contributing from their paychecks into 403(B) if they are able to do so.  The employer contribution is determined by your program team leadership and will be incorporated into your fundraising goal.  Note: The definition of this group of employees is slightly different from that of regular employment classifications with Reliant therefore please seek confirmation from your program team to know if you fall into this classification.

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