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403(b)(9) General Overview

Reliant now offers a 403B 403(b)(9) retirement plan option (previously 401K 401(k) was offered) to eligible employees. We have chosen the 403B the 403(b)(9) option which is a retirement church saving plan managed by Principal Financial Group. Just Just like many 401K/403B plans Reliant's 403B403(b)(9) retirement plan has a matching incentive. Reliant will match funds (up to a certain percentage) that their employees contribute to the 403B 403(b)(9) plan. The matching incentive is designed to motivate employees to contribute funds to the retirement savings plan.

Reliant's 403B 403(b)(9) Plan offers two types of savings opportunities for our employees: Traditional vs. Roth Contributions.

Employees who have worked for Reliant at least 90 days are eligible to begin participating in the plan. Upon becoming eligible to participate, employees will be auto-enrolled in the 403B 403(b)(9) plan at a $50 contribution amount (see Enrollment & Eligibility).

Withdrawals made from the 403B 403(b)(9) Plan Retirement account prior to age 59½ may incur tax penalties. Reliant offers an employer match of $1 for every $1 employees contribute to the 403B 403(b)(9) plan, up to a maximum of 5% of their eligible earnings. The match is paid directly from the MTD account the employee is responsible for with Reliant. See Employer Matching Contributions for more details.   

To change your Contribution see Changes to Contributions. Contribution changes must be submitted to Principal by the 19th to be effective on the following month's paycheck.  

For questions or additional information about Reliant's 403B 403(b)(9) Plan please contact the Employment Services Department at benefits@reliant payroll@reliant.org. 

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