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If a Reliant employee designates a minor to be their beneficiary, there may be legal complications for the minor to have access to the 401(k) funds prior to the time they reach the age of 18.  Therefore, in the case of minors, Reliant employees may prefer to set-up a trust in the name of the child and designate the trust as their 401(k) beneficiary. Please seek counsel from a legal advisor to make these arangementsarrangements.

In the unfortunate case that a Reliant employee or former employee that participated in Reliant's 401(k) Plan (and didn't move their money to a new plan after they exited employment) passes away, Reliant will serve as a point of contact between Principal Financial Group and the deceased's family.  Reliant will be responsible  to submit the proper Death Notification Form to Principal for the 401K(k) payout to the designated beneficiaries.  To complete this responsibility, Reliant will request a certified copy of the death certificate from the deceased's family. 

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