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titleEligibility Summary
Excerpt

After 90 days with Reliant, you will be eligible to participate in the 403(b)(9) plan. 

Reliant will automatically enroll you in the 403(b) (9) plan starting at $50 per month, and deposit it into a 403(b)(9) traditional retirement savings account with the Principal Financial GroupGuideStone. Once you have become eligible, Reliant will enroll you on the Principal the GuideStone website and send you an enrollment email confirmation with further instructions.

Once you receive your enrollment confirmation from PrincipalGuideStone, please follow these instructions to set-up your account, establish a username and password, etc.

Changes made on the Principal website to Contributions to your 403(b) (9) account by the 19th of a month will be reflected on your next payroll.

Note
titleAuto-enrollment - $10 Annual Increase

For those employees that were originally auto-enrolled at $50, if you do not make any changes to your investments, contribution rate(s), or take any other actions to manage your 403(b)(9) account with Principal, Reliant will automatically increase your auto-enrollment each year. Each year starting with the January 15th paycheck, if you have not made any changes to the auto-enrollment, you'll see the auto-enrollment contribution raised by $10. This yearly increase will continue until you have reached $150. You have the option to change your contribution rate at any time if you do not want the auto-increase to be in effect. (See Principal Changes to Contributions for how to change your contribution.)

See See Employer Matching Contributions - Class 1, Career Employees

For more information to help you get started and understand Reliant's 403(b)(9) Plan see these helpful links:

Registering at Principal.comwith MyGuideStone

Traditional vs. Roth Contributions

Principal Changes to Contributions

Changes to Investments

 

Class 2 - Fixed Term Employees

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titleEligibility Summary
Info
titleSpecial Case

Being a Class 2 Fixed Term Employee is a special classification - please confirm you are this Class of employee with your Program Team Leadership. (Not all Fixed term employees fall under this classification for 403(b) purposes.)

As communicated throughout training and in your Employee Parameters, there are two types of 403(b) contributions: 1) Employee contributions and 2) Employer contributions. Since you are in a fixed-term program, feel free to choose one, both, or neither contribution option. Your decision for one does not affect the other. You can reference your employment parameters for more details. Please note that as a fixed-term employee, your eligibility and 403(b) benefits may differ from other employees with Reliant.

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titleEmployee Contribution

This *Class of employees are immediately

auto-enrolled and

eligible to participate in the 403(b)

(9)

Plan - starting with their first regular paycheck (pre-hire bonus checks excluded). 

Employee contributions are managed by you on the GuideStone site; they are deducted from your monthly pay and are excluded from support goals (since they come off your wages).

  • Want to contribute from your paycheck? (Think: employee) If you would like to take part in employee contributions by adding to your retirement fund from your gross compensation.
    • Taking action on the personal side has two steps! Note: It can take up to three paychecks to see your paycheck contributions depending on the timing of your response to this request, timeliness in registering your GuideStone account, and the normal processing timeframe of the GuideStone/Reliant information exchange for payroll contributions.
      • First, complete this form by the 20th of the month.

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iconlink
title403(b) Employee Contribution Class 2 Enrollment
urlhttps://docs.google.com/forms/d/e/1FAIpQLSelxmhG3LDsBuG1fkkQB13SdUs25ZtFsvZep1SayFVSoWZn0A/viewform?usp=preview

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titleEmployer Contribution

The employer contribution is something you opt in for via your support goal; this is deducted from the MTD fund you're responsible for. (See Order of Pay for more details.)

As a Class 2 fixed-term employee, Reliant won't automatically match your employee contribution with an employer match. These options are separate decisions, and you can do one without the other. Here's how to engage with each...

What's in your goal? (Think: employer) If you elect to raise the funds for a monthly employer contribution, it will be reflected in the Other Information portion of your paystub (not deducted from your compensation), and watch your retirement account balance grow!

  • 403(b) employer contributions are excluded on start-up bonuses.
  • If you don't see "Monthly 403(b) Employer Contribution" in your goal's monthly costs, you will not be enrolled for a GuideStone retirement account. You can submit a fresh goal or reach out to fixedterm@reliant.org if you'd like to change that!


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Employer Contributions - Class 2, Fixed Term Employees

*This is a special classification - please confirm you are this Class of employee with your Program Team Leadership

Employer Contributions - Class 2, Fixed Term Employees



Class 3 - Short-Term (under 4 months) Employees

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titleEligibility Summary

Employees that are only assigned to work less than 4 months with Reliant are not eligible for 403B enrollmentto participate in the 403(b) plan.