| Standard Name: | Retirement |
|---|---|
| Scope: | All Staff |
| Revision Date: | June 1, 2016 |
| Last Review Date: | June 7, 2023 |
Reliant will automatically enroll you in the 403(b)(9) plan starting at $50 per month, and deposit it into a 403(b)(9) traditional retirement savings account with the Principal Financial Group. Once you have become eligible, Reliant will enroll you on the Principal website and send you an enrollment email confirmation with further instructions. Once you receive your enrollment confirmation from Principal, please follow these instructions to set-up your account, establish a username and password, etc. Changes made on the Principal website to your 403(b)(9) account by the 19th of a month will be reflected on your next payroll. Auto-enrollment - $10 Annual Increase Starting for employees enrolled in 2024, if you do not make any changes to your investments, contribution rate(s), or take any other actions to manage your 403(b)(9) account with Principal, Reliant will automatically increase your auto-enrollment each year. Each year starting with the January 15th paycheck, if you have not made any changes to the auto-enrollment, you'll see the auto-enrollment contribution raised by $10. You have the option to change your contribution rate at any time if you do not want the auto-increase to be in effect. (See Changes to Contributions for how to change your contribution.) Traditional vs. Roth Contributions After 90 days with Reliant, you will be eligible to participate in the 403(b)(9) plan.
For more information to help you get started and understand Reliant's 403(b)(9) Plan see these helpful links:
