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  • This decision was made by Relian'tReliant's management and executive leadership after careful consideration of the existing and future needs of our Retirement Savings Plan. Although Principal Financial Group has served us well for many years, GuideStone's expertise in managing 403(b)(9) Church plans will add substantial value to the services offered to our employees while keeping administrative costs low. 
  • One benefit of GuideStone is that their record-keeping cost is significantly less than Principal's, which will directly translate into higher net returns on your retirement investments.
  • In addition, GuideStone understands the unique opportunities and challenges that faced by missionaries and ministers face.   They have spent decades building a Retirement Service Center to uniquely meet those needs , by combining tailored technology and a specialized customer care team with extensive training focused on supporting ministry workers in achieving their retirement planning goals.  

What exactly is changing?

  • The record-keeping/administrative company that services our Reliant 403(b)(9) Plan will be moving from Principal Financial Group to GuideStone.
  • After July 20th, you will access your retirement account from GuideStone's website.

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  • The vast majority of investments offered within our 403(b)(9) Plan are not changing. There is 1 specific investment that will have a delayed transfer to GuideStone in April 2026 to ensure the investment's full interest rate is paid out (further details are provided in the attached letter).
  • All other Investments and balances will transfer seamlessly from Principal to GudieStone between July 6th -and July 20th.
  • You Plan participants will still have the opportunity to select their investments within your retirement portfolio from a diverse list of investments and providers. (We will still offer some GuideStone -specific investments, but you investments will be offered along with the investment "mix," but participants will NOT be required /limited to use those investment options.)
  • We Reliant will still be using the Principal target-date funds for our default investments.

What do Reliant employees have to do regarding this change?

  • Reliant employees who are currently eligible for the 403(b)(9) church plan will receive an email when their GuideStone accounts have been created. You All participants in the 403(b)(9) plan will be asked to create a login and enter your their beneficiaries.   Note: Beneficiary information will NOT transfer from Principal. 
  • If you have an outstanding 403(b) loan, please be on the lookout for a special email regarding your monthly loan payment.  Loan payments will be moved to be directly withdrawn by GuideStone on the 20th of each month. Reliant will no longer deduct 403(b) loan payments from employees' payroll. June 13th paychecks will have the final loan payment deductions. GuideStone will begin deducting loan payments directly from employees' bank accounts on August 20th.  This transition will provide a one-month grace period for employees to prepare for the change in how these deductions will be withdrawn and to set up their bank account information directly with GuideStone.  

Questions? 

  • We will be sending out additional emails in the month of July to keep you updated on this transition.  Solomon will be "under construction" for a little while after the transition. Our hope is to have our 403(b)(9) Retirement Section fully updated by early fall.  In the meantime, if you have any questions about this transition and the services GuideStone offers, please feel free to reach out to us at payroll@reliant.org.