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Once a year the IRS requires that we remind our staff of all the great features provided to you in GCMReliant's 401K plan.  This year we have some exciting news.  After careful consideration and discussion with our 401K Broker, the Reliant 401K Investment Committee has decided to change our 401K Plan default investment from The Principal Lifetime Funds to the Principal Trust Target Funds.  These Trust Target funds have lower service fees due to the fact that they are Index funds (we save on fees because the funds don't have to pay investment advisors to actively manage the investment portfolios).  The performance of the Target Trust funds has been comparable to the Principal Lifetime Funds.  In fact, the Target Trust Funds have slightly outperformed the Principal Lifetime Funds performance average over the last 5 years.   

This investment change will affect the 401K investment accounts of many Reliant missionaries.  With this change, all existing 401k account balances that were previously invested in the Principal Lifetime Fund will be moved into to the Principal Trust Target Funds.    

In addition, every year we provide you with the attached Safe Harbor employee notice (insert link) highlights .  This notice highlights the benefits and details of GCM’s Reliant’s 401K Plan.  You can also find this notice on the 401K forms page of Staffnet. Just some light reading for the holidays if you’re interested. As always, the GCM Reliant Finance dept is available year-round to assist you with any 401K questions - email us at 401k@gcmweb 401k@reliant.org or call 407-671-9700 ext 108130.