Overview

Regardless of what your retirement dreams are, you're going to need to start saving for it now. You work – and save – now to improve your quality of life later. It's part of Rollins' goal to help you Live Well.

Eligibility

Regular full-time and non-full-time employees are eligible to participate in the 401(k) Plan.

  • Full-time employees are automatically enrolled on the first day of the quarter (January 1, April 1, July 1, or October 1) after having worked for three months.
  • Part-time employees are automatically enrolled on the first day of the quarter (January 1, April 1, July 1, or October 1) after having worked for one year and at least 1,000 hours.
  • You will receive an enrollment package from Prudential Financial 30–45 days before you are automatically enrolled.
  • If you do not want to participate in the Plan, you must opt out prior to your enrollment date. You can opt out or enroll with a different contribution percentage and/or investment selection by visiting www.prudential.com/online/retirement or calling Prudential at 1-877-778-2100.

Making Contributions

When you are automatically enrolled in the Plan, you will be set up to contribute 3% of your pay into a 401(k) account. Your contributions will be invested in the Moderate GoalMaker portfolio. However, you can change your contribution and investment choices to match your goals anytime!

  • You can choose to increase or decrease your 3% contribution – contribute anywhere from 1% to 75%* of your annual pay before taxes are deducted** – or opt out of the Plan.
  • You can also make after-tax Roth contributions to the Plan**.
  • You can choose to invest your contributions and Rollins' matching contributions in any of the Plan's investment options.
  • If you are 50 or older, you can make additional "catch-up" contributions. These contributions are intended to help you increase your savings as you get closer to retirement.

* If you are a highly compensated employee, you are subject to an 8.5% contribution limit.

** In 2018, federal tax law allows you to make a combined contribution of before-tax and Roth contributions to your retirement plan up to $19,000.

Contribution Matching

Rollins makes a matching contribution to your account each quarter that you participate in the Plan. Rollins will match dollar for dollar up to 3% of your pay AND 50 cents for every dollar on the next 3%. So if you contribute 6% of your pay to the Plan, Rollins will contribute another 4.5% to your account. Here is an example showing a 3% contribution rate and an example showing a 6% contribution rate:

  • If you contribute $500 to your account, Rollins will contribute another $500.
  • If you contribute $1,000 to your account, Rollins will contribute another $750.

Of course, you can always contribute more than 6% of your pay to your account, but the Rollins match will only apply to the first 6% of your pay that you contribute. If you are not contributing at least 6% into your 401(k), you are not receiving the full match – that means you’re leaving money on the table!

Savings on Taxes

Your traditional 401(k) account is all about saving money on taxes now, which is important because most people will be in a lower tax bracket after retirement than they are now.

  • When you contribute money to your 401(k) account, the money is deducted from your paycheck before your taxes are calculated. Therefore, you end up paying less in taxes now.
  • Both your contributions and Rollins' matching contributions grow tax-deferred until you take them out. When you make a withdrawal, you will pay income taxes based on your tax bracket at that time.

Vesting

You are vested in a 20% share of the company match in your account when you attain one year of service. Your vesting level increases 20% for each additional year of service. After five years, you are vested in 100% of the company matching funds. Of course, you always own 100% of your contributions. The vesting period is only for the company match.

Accelerate Your Contributions!

Simply access your Prudential account and sign up for the “Contribution Accelerator.” This option is an easy way to raise your contribution amount over time by entering future, automatic contribution increases to the Plan. It’s easy! Just specify the percentage of your pay you want to contribute and the date you want the increase to take effect. And, if you schedule the accelerator to coincide with an annual pay increase, you won’t even notice the increased contribution out of your paycheck! If needed, you can opt out of this feature at any time.

Declining Enrollment in the 401(k)

Although we don’t recommend not participating in the 401(k), we understand that everyone’s situation is different. Therefore, if you decide that you do not want to participate in the Plan, you must decline enrollment. Visit www.prudential.com/online/retirement or call 1-877-778-2100 for help with managing your account and answering questions, Monday through Friday, 8 a.m. to 9 p.m. ET.

MEET THE MATCH!

To take full advantage of the free money Rollins will deposit into your account each quarter, be sure to contribute at least 6% of your pay to your 401(k) Plan account. You have to be active at work on the last day of the quarter to receive the company match.

ACCESSING YOUR 401(K) ACCOUNT!

You can contact Prudential Retirement at 1-877-778-2100, or visit www.prudential.com/online/retirement.