Page History
...
| Note | ||
|---|---|---|
| ||
Please contact payroll@reliant.org if you are interested in pursuing this type of withdrawal. This request requires a few special steps that Reliant will advise you on to ensure it's processed properly. Do NOT try to submit an online withdrawal request for this type of withdrawal. Principal can only process these withdrawals by paper, and following the steps Reliant will advise you of, to ensure the withdrawal is processed with the necessary approvals and forms for it to be designated as a tax-free parsonage/minister's housing allowance Parsonage (Non-Taxable Housing Allowance for Ministers) distribution. |
| Info | ||
|---|---|---|
| ||
Only the Reliant employee who originally contributed to the 401(k) account as a minister can draw 401(k) distributions as parsonage. In the event that the Reliant employee passes away, their surviving spouse is not be able to draw a parsonage from the inherited 401(k). |
...
