Allied Universal 401(k)

Allied Universal, a leading U.S.-based security and facility services company, was established in 2016 through the merger of AlliedBarton and Universal Services of America. The company provides various security services, including security personnel, mobile patrols, access control, and emergency response. It has over 300,000 employees in the United States who get access to various benefits, including a 401(k) plan.

New Allied Universal employees are automatically enrolled into the company's 401(k) plan after 30 days of employment at a 1% contribution of eligible earnings. An employee must be at least age 18 to participate in the 401(k) plan. However, to receive the company match, an employee must be age 21 or older and completed one year of service, equivalent to 1,000 hours of service in the first year of employment or any plan year.

Allied Universal 401k provider

Allied Universal Corporation offers the Allied Universal 401(k) plan through Empower Retirement, and it covers over 127,558 employees across the United States. Empower Retirement manages over $1.6 trillion in assets for at least 18 million individuals across the United States.

Allied Universal 401(k) plan was previously with MassMutual Retirement, which was acquired by Empower in 2021. Empower Retirement is now ranked as the second-largest retirement plan provider in the United States.

Allied Universal 401k login

If you have a 401(k) plan through Allied Universal Corporation, visit the Empower website to access your 401(k) account. You will be required to enter your username and password to log in. You can also use the forgot login feature to reset your username or password if you lost your login credentials. If you are an Allied Universal employee and don't have login credentials, you can register a 401(k) account as a new user.

Allied Universal 401k Match

Allied Universal offers a 401(k) match to eligible employees who are at least age 21 and have completed one year of service. To meet the year of service requirement, an employee must work at least 1000 hours during the first year of employment or in any plan year following their date of employment. However, the specific match offered to eligible employees varies.

Allied Universal 401k customer service

If you need help with your Allied Universal 401(k) plan, you can contact Empower Retirement customer service at 855-756-4738 anytime from Monday to Friday 9 am to 8 pm EST, and Saturday 9 am to 5.30 pm.

Allied Universal 401k loan

The Allied Universal 401(k) plan allows participants to take plan loans against their contributions. Eligible participants can borrow the lesser of 50% of their vested balance up to a maximum of $50,000. The minimum 401(k) loan that a participant can borrow is $1000.

Allied Universal 401k after termination

If you have a 401(k) plan with Allied Universal and you have been terminated, you may have several options with the money. If you have at least $5,000 in your 401(k) balance, you can leave the money with Empower to continue growing. You can also roll over the 401(k) balance to an IRA or a new employer’s 401(k) plan.

If you have a financial need, you can choose to take a distribution, but be aware that you will owe income taxes and potential penalties if you are below age 59 ½. If your 401(k) balance is below $1,000, your 401(k) will be automatically cashed out, and your balance sent via mailed check.

Allied Universal 401k withdrawal

Plan participants may be allowed to make 401(k) withdrawals under certain circumstances. If you are under 59 ½ and still employed, your withdrawal options may be limited; you will be able to withdraw any rollover contributions at any time, but you will owe income taxes and potential penalties.

If you are facing a hardship, you may be allowed to take a withdrawal to meet specific hardships such as medical expenses, eligible education expenses, prevent eviction, etc., but the withdrawal is limited to the amount you need to satisfy your hardship.

After age 59 ½, you will be allowed to take a distribution from your Allied Universal 401(k) penalty-free. You will still owe income taxes on the distribution.

Allied Universal 401k early withdrawal

You may be allowed to make an early withdrawal from your Allied Universal 401(k) plan in limited circumstances. If you are younger than 59 ½, you must be facing an immediate and heavy financial need to qualify for a hardship withdrawal. This withdrawal is limited to specific hardships outlined in the summary plan description and limits withdrawals to the amount needed to satisfy the specific hardship. Remember, early withdrawals from a pre-tax 401(k) are subject to income taxes at your tax bracket, in addition to a 10% early withdrawal penalty.

Allied Universal 401k rollover form

You can request a rollover form from your Allied Universal 401(k) account on the Empower Retirement website. You can also obtain the rollover form by calling Empower customer service at 855-756-4738 anytime from Monday to Friday 9 am to 8 pm EST, and Saturday 9 am to 5.30 pm.

Allied Universal 401k account number

You can find your Allied Universal 401(k) account number by checking your old 401(k) statements and past plan communications. The account number is often indicated at the top of the 401(k) statement and plan notices. Also, log into your online 401(k) account on the Empower website; you can find your 401(k) account number indicated under your profile.

Allied Universal 401k phone number

If you have questions or inquiries related to your Allied Universal account, you can reach out to the Empower Retirement customer service at 855-756-4738 anytime from Monday to Friday 9 am to 8 pm EST, and Saturday 9 am to 5.30 pm. You may be required to verify your identity when you contact Empower customer service.

Allied Universal 401k plan administrator

The plan administrator for the Allied Universal 401(k) plan is Michael Koven. You can contact the plan administrator via phone at 305-888-2623 for any 401(k) account inquiries. To contact the 401(k) plan administrator via mail, use the following address: 3901 NW 115TH AVENUE, MIAMI, FL, 33178.

Allied Universal 401k eligibility

New employees become eligible to participate in the Allied Universal 401(k) plan within 30 days of employment. They are automatically enrolled into the plan after 30 days of employment at a 1% contribution of eligible earnings. However, employees are only eligible to participate in the plan once they attain age 18.

Allied Universal 401k vesting

401(k) participants are always fully vested in their pre-tax and post-tax contributions. However, different rules apply for employer contributions. Any employer contributions made to an eligible employee’s 401(k) account become fully vested after three years of vesting service. If you quit your job before the three years of vesting service, you will forfeit part of the employer contributions.

Allied Universal 401k app

You can access your Allied Universal 401(k) account through the Empower Retirement mobile app. You can download the Empower mobile app from the Apple app store or the Empower Android app from the Google Play store. You can also access your 401(k) on the web 401(k) portal on the Empower website.

Allied Universal 401k summary plan description

When you enroll in the Allied Universal 401(k) plan, you will receive a summary plan description, outlining the terms and rules of the 401(k) plan. You can also request a copy of this document through your 401(k) account, or by writing to the plan administrator to request a mailed copy of the summary plan description.