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titleEligibility Summary
Excerpt

After 90 days with Reliant, you will be eligible to participate in the 403(b)(9) plan. 

Reliant will automatically enroll you in the 403(b)(9) plan starting at $50 per month, and deposit it into a 403(b)(9) traditional retirement savings account with the Principal Financial Group. Once you have become eligible, Reliant will enroll you on the Principal website and send you an enrollment email confirmation with further instructions.

Once you receive your enrollment confirmation from Principal, please follow these instructions to set-up your account, establish a username and password, etc.

Changes made on the Principal website to your 403(b)(9) account by the 19th of a month will be reflected on your next payroll.

Note
titleAuto-enrollment - $10 Annual Increase

For those employees that were originally auto-enrolled at $50, if you do not make any changes to your investments, contribution rate(s), or take any other actions to manage your 403(b)(9) account with Principal, Reliant will automatically increase your auto-enrollment each year. Each year starting with the January 15th paycheck, if you have not made any changes to the auto-enrollment, you'll see the auto-enrollment contribution raised by $10. This yearly increase will continue until you have reached $150. You have the option to change your contribution rate at any time if you do not want the auto-increase to be in effect. (See Changes to Contributions for how to change your contribution.)


For more information to help you get started and understand Reliant's 403(b)(9) Plan see these helpful links:

Registering at Principal.com

Traditional vs. Roth Contributions

Changes to Contributions

Changes to Investments


 

Class 2 - Fixed

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Term Employees

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titleEligibility Summary

This *Class of employees are immediately auto-enrolled and eligible to participate in the 403(b)(9) Plan - starting with their first regular paycheck (pre-hire bonus checks excluded). 

*This is a special classification - please confirm you are this Class of employee with your Program Team Leadership

Class 3 - Short-Term (under 4 months) Employees

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titleEligibility Summary

Employees that are only assigned to work less than 4 months with Reliant are never eligible for 403B enrollment.