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What to Know. Our 401(k) default investment, is changing it's name to the Principal Lifetime Hybrid Funds, effective January 1, 2017.  Also effective January 1, 2017, Reliant will now step-up all 401(k) participants that were auto-enrolled at $50 a month and who have not made any changes to their auto-enrollment.  Each year these auto-enrolled participants will see their 401(k) contribution increased by $10. This increase will remain in effect until either 1) the employee logs on to principal.com and makes a change to their 401(k) election in some way or 2) the maximum step-up amount of $150 is reached. 

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Once a year the IRS requires that we remind our staff of all the great features provided to you in Reliant's 401(k) plan. In 2017 we will have 2 changes to our  Every year we provide you with the Safe Harbor Employee Notice. This notice highlights the benefits and details of Reliant’s 401(k) Plan.  

Our

The 401(k)

default investment, the Principal Trust Target Funds, will be known as the Principal Lifetime Hybrid Funds, effective January 1, 2017. 

 Retirement Plan section of Solomon contains links to resources and helpful articles to help you prepare for retirement. However, if you would prefer to receive a paper copy of our Summary Plan Description - please email us as benefits@reliant.org and we can mail you a copy at any time.

The Reliant 401(k) Investment Committee encourages all 401(k) participants to log in to their Principal retirement savings accounts and make changes based on their preferences and retirement goals on an annual basis, at a minimum. 

Resources 

  • Reliant will now step-up all 401(k) participants that were auto-enrolled at $50 a month and who have not made any changes to their auto-enrollment.  Each year these auto-enrolled participants will see their 401(k) contribution increased by $10. This increase will remain in effect until either 1) the employee logs on to principal.com and makes a change to their 401(k) election in some way or 2) the maximum step-up amount of $150 is reached.  Ideally the Reliant 401(k) Investment Committee would love to see all 401(k) Participants logging into their account snad reveiwing and making changes based on their preferences at leats on an annual bases.  However, we recognize that some people have chosen to stick with the default investment options they were auto-enrolled with by Relaint.  To ensure these auto-enrolled participants are actively saving for retirement and taking steps to keepo their saving up with inflation we have institiued this $10 annual increase.  401(k) participants always have the option to login to Principal.com to change this elecetion at any time.  The auto-increase in many cases is still less than many employee's 5% match.  To learn more about how you can increase your 401(k) contribution and take full advantage of the 5% match benefit see  

    • Every year we provide you with the Safe Harbor employee notice. This notice highlights the benefits and details of Reliant’s 401(k) Plan.  As always, the Reliant Finance dept is available year-round to assist you with any 401(k) questions - email us at 401k@reliant.org or call 407-671-9700 ext 130.

    Resources