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Reliant's -43B Plan includes employer employER discretionary contributions for our Class 2 - Fixed term employees. Employer contributions are paid by Reliant to Principal directly out of the MTD account. These contributions are not a match and do not require that the employee contribute funds from their paychecks in order to receive the employer contribution. Employer contribution amounts are determined by the employee's program leadership and are included in the employee's fundraising goal.   

Do I get to take the Employer Contribution with me if I leave employment with Reliant?
Yes, participants in the 403(b)(9) Plan are immediately 100% "vested," which means the employer contributions are fully transferable (into another retirement account with your new employer or an IRA), should you exit employment with Reliant.

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How will Employer Contributions effect affect my paycheck and my support goal?
Employer contributions are charged directly to the MTD account that you are responsible for with Reliant. You will have to raise the extra money for the employer contribution, and it will increase your support goal. Employer contribution have no effect on contributions do not affect an employee's paycheck except they affect that it will be deducted from the available balance in the MTD account that is used to determine how much funds are available for the employee's paycheck. 

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How do I update my Employer Contributions in my support goal on Toolbox?? 

The Employer Contributions for Class 2 employees are requested and edited when updating your support goal. You can not update your employer contribution through Principal. The Principal site will not have the employer contribution amount listed, but it will show you the total year-to-date contribution made to Principal which will include both the employee and employer contribution amounts combined. Please reach out to your program team for assistance in making a change to the Employer Contribution.

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