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titleBasic Coverage
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Every year it's helpful to take time to log in to your 403(b) account with Principal and review these essential Basic features and aspectsof your retirement account. 


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titleStandard Coverage
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Employer retirement plans offer some coverages that a personal IRA don't have - most importantly an Employer Contribution!

Understanding the employer contribution benefit available to you is crucial to be able to ensure you're getting the Standard benefits all Reliant employees have access to.


 Employees of Reliant have two options for an employer contribution, based on their employee type and fundraising goal model. 

In both cases, the funds used for the employer contribution are raised as a part of the employee's goal. The employer contribution is 100% "vested" at the point the employee is eligible for ther 403(b) Plan.  "Vested" means that those contributions are yours to keep even after you exit employment with Reliant. 

Find the option below that best fits your role and review the steps we recommend to ensure you are getting the best benefit for your situation.

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titleCareer Employees

 These employees are eligible for a 5% employer-match.  If you are not contributing 5% of your eligible wages to 403(b) then you are missing out on the opportunity be matched 5% and increase your retirement savings.

  •  Review your budget and consider increasing your elected paycheck contribution, to ensure you're getting the maximum 5% match benefit. Note: the employer match is calculated and deducted from the MTD account automatically every month, if you are in this career employee category.
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titleFixed-Term Employees *please confirm this status with your program team

These employees have a special option to elect an employer contribution that is deducted monthly from the MTD account and deposited into the retirement account with Principal.  There is no obligation for the employee to contribute from their paychecks to be eligible for this benefit.

*Note: The definition of this group of employees is slightly different from that of Reliant's regular employment classifications. Please seek confirmation from your program team to know if you fall into this classification.

  •  We encourage employees in this classification to consider taking advantage of the offered employer contribution (if they aren't already) and to also consider contributing from their paychecks into the 403(b) plan.  Note: The employer contribution is determined by your program team leadership and must be incorporated into your fundraising goal.  

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titlePremium Coverage
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Premium coverage is for someone who is trying to do more than just protect themselves from major losses.

Premium coverage users value their investment, understand its worth, and are willing to "pay more now" to gain more benefit in the future.  

 When viewing your retirement plan from this perspective, you will want to think about best practices for saving, to ensure your nest egg is substantial enough for your expected future financial needs.

  •  The Principal website has a tool to help you assess your Retirement Wellness Score.  This tool can be found under the "Planning Resources" tab. If you've never done this assessment we encourage you to fill it out and get your initial Retirement Wellness Score. If you've already done the assessment, review your score and look at the "My Progress" tab for tips.  Consider making some adjustments to improve your score. 
  •  The Planning Resources section on Principal's website has a section "Principal Milestones" - spend 5-15 minutes exploring these options, including some of the *Enrich educational resources. Enrich has some good tools to help lower the stress you may feel when it comes to the topic of money. *Disclaimer: Principal uses Enrich as an educational third party resource. We encourage you to use your own discretion when viewing the resources available through Enirch.  If there is something on the Enrich site that feels out of alignment with a Christian perspective on giving and saving, please follow your own Biblical convictions.

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