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Once GuideStone has been notified of your exiting employment with Reliant, you will generally have a 60-day window to select what you would like to do with your 403(b) balance. The GuideStone Client Contact Center 1-800-547-7754 Customer Solutions Center (888-984-8433) can advise you of your options. They are available Monday-Friday from 7 A.M. Eastern time to 9 P.M. Eastern time. You have three options: Roll it Over, Stay with GuideStone, Cash it out. If you do not make a selection in that 60-day window, GuideStone will automatically roll your 403(b) account into an IRA account with GuideStone. See details below. |
When is GuideStone Notified of Terminations?
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- No tax consequences (the money stays in an approved retirement vehicle, so you won't incur early withdrawal penalties or be issued a 1099)
- Continued investment services from GuideStone
- Some fees may apply
- Certain balance restrictions apply (please contact GuideStone to determine if this option applies to your account - GuideStone Customer Solutions Center 888-984-8433)
GuideStone will roll smaller 403(b) balances into IRAs with their partner, Inspira
- https://inspirafinancial.com/
- See the schedule of fees associated with these accounts:
- annual maintenance fees ranging from $20-$35
- account starting/closing fees $25
- annual paper statemet fee $10
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