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401(k) General Overview
A 401(k) plan is a retirement saving plan offered by employers for their employees. Many 401(k) plans have a matching incentive where an employer will match funds that their employees contribute to the 401(k) plan. The matching incentive is designed to motivate employees to contribute funds to the retirement savings plan.
Reliant provides a 401(k) plan that is managed by Principal Financial Group. Our Contract # for our Principal Plan is 4-34798.
Reliant's 401(k) Plan offers two types of savings opportunities for our employees: Traditional 401(k) and Roth 401(k).
Employees who have worked for Reliant at least 1 year are eligible to begin participating in the 401(k) plan. Upon becoming eligible to participate, employees will receive an enrollment packet from the Reliant Finance Department (see Enrollment & Eligibility).
Reliant offers an employer match of $1 for every $1 employees contribute to the 401(k) 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.
Withdrawals made from the 401(k) Plan Retirement account prior to age 59½ may incur tax penalties.
To change your Contribution see Changes to Contributions.
For questions or additional information about Reliant's 401(k) Plan please contact the Finance Department at 401K@reliant.org.
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Reliant's Contract Number with Principal is 4-34798. *You may need this when calling in if you're having prblems resetting a password or need other assistance. In most cases, your social security number will be sufficient for Principal's Customer Service Representatives to locate your account and assist you. |
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Related links
- Principal Financial Group
- Traditional 401(k) and Roth 401(k)
- Enrollment & Eligibility
- Employer Matching Contributions
- Withdrawals
- Changes to Contributions
Who to contact at Principal
- General Help Line — should get you to a live person (counselor option near end of message): 800-547-7754
- Electronic Services Support Line: 877-475-3436
- For international callers who can't use a 1-800 number please call 515-248-9999.
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