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Withdrawals

401(k) Withdrawals can be requested in the form of Parsonage (Non-Taxable Housing Allowance for Ministers). This type of withdrawal involves coordination between the Reliant Office and The Principal Financial Group. To pursue this option, you must be at least age 59 1/2 and you must be eligible and approved by Reliant to receive Parsonage. (Other restrictions may apply.) The Employee will need to fill out a special Distribution Form (Reliant will provide this Form upon request) as well as a current Monthly Parsonage Request Form (also to be requested from and provided by Reliant).  The employee does not have to be retired from employment to start receiving this benefit, as long as the employee is at least age 59 1/2. However, if you are still employed by Reliant and currently receiving a monthly parsonage from Reliant, you cannot also take parsonage withdraws from your 401(k) Plan. 

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