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To convert your traditional (pre-tax) 401(K403(b)(9) contributions to Roth (this includes Employer Match, Rollovers, and Elective Deferrals) use this form.
The amount that is converted to Roth will be taxable to the missionary in the form of a 1099 that the employee will receive from Principal Financial Group. This 1099 must be included with the missionary's tax filing for the appropriate year.
Please contact the Employment Services Manager, Barb Seckler at 407-671-9700 ext 108 or barb.seckler@reliantteam at benefits@reliant.org if you have questions about how to fill out this form or the tax implications.
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To be eligible for a Roth Transfer the Reliant employee must have been an active participant in the 401(k) Plan for 5 years prior to requesting the Roth Transfer. |
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Reliant encourages all international employees to seek tax counsel regarding IRS ruling 70-491 when determining if the Roth option is something they should utilize for their retirement savings. There may be tax implications of selecting Roth for your retirement funds while filing under the Foreign Earned Income Exclusion to consider and discuss with your tax counsel. |
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