Page History
In Plan Roth Conversion Form (for converting Employer Match)
Reliant allows missionaries to convert their employer match to Roth contributions. 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.
To convert your Employer Match contributions to Roth use this form. In most cases you'll select "Active Participant" under Section 2, Type of In-Plan Conversion.
You have to be employed by Reliant for 5 years to pursue this option.
Note | ||
---|---|---|
| ||
Another option that can be used to convert both previous matched funds or previous employee contributions that were made pre-tax see Roth Transfer Form |
Please contact the Employment Services team at benefits@reliant.org if you have questions about how to fill out this form or the tax implications.
View file | ||||
---|---|---|---|---|
|