Securitas 401(k)

Securitas Security Services is a global security services company, with a presence in more than 50 countries. It specializes in risk management, remote monitoring, mobile patrol, on-site guarding, and specialized security services tailored to meet the needs of various industries. With over 345,000 employees, Securitas offers its personnel competitive benefits, including a robust 401(k) retirement plan.

Newly hired administrative and Paragon employees are eligible to enroll in the Securitas 401(k) plan immediately, while security officers qualify for enrollment after completing six months of service. Eligible employees can contribute up to 25% of their eligible pay to the plan, subject to the annual IRS contribution limits. Securitas also offers a company match on employee contributions up to specified limits.

Securitas 401k provider

The Securitas 401(k) plan, also known as the Securitas Security Services USA Incentive Savings and Retirement Plan, is with Merrill Lynch. The plan provider offers access to retirement planning tools, a wide range of investment options, and dedicated customer service to help with any issues participants might have.

Merrill Lynch provides a user-friendly online platform that plan participants can use to manage their 401(k) funds and choose investment options.

Securitas 401k login

Securitas employees can access their 401(k) accounts through the Merrill Lynch Benefits online platform. To log in, enrolled participants should visit the Merrill Lynch 401(k) login page, and enter their User ID and password.

If you are a first-time user, you must sign up for an account using your personal and employment details. If you forgot your User ID or password, use the “forgot password” option to create new login credentials.

The Merrill Lynch 401(k) platform allows participants to check their 401(k) balance, monitor their investment performance, change contribution rates, and update the list of beneficiaries.

Securitas 401k match

The Securitas 401(k) plan offers a company match on employee contributions to the 401(k) plan. However, the specific match percentage varies, and you should consult the benefits department to know how much employer matching contribution you are eligible to receive. If you qualify for a company match, you should contribute enough to take full advantage of the employer match.

Securitas 401k customer service

If you need help with your Securitas 401(k) plan, contact Merrill Lynch customer service at 1-866-820-1492 Monday to Friday 9.00 am to 9.00 pm EST. There are no weekend hours. If you are outside the US, you can reach customer service at 1-609-935-0010. Alternatively, participants can use Merrill Lynch's Benefits online portal to utilize the click-to-chat function during business hours.

Securitas 401k loan

The Securitas 401(k) plan allows employees to borrow against their 401(k) loans to meet certain expenses. Eligible participants can borrow the lesser of 50% of their vested balance, up to a maximum of $50,000. The 401(k) loan is repaid with interest, deducted from the employee’s paycheck. The loan has a repayment period of up to 5 years, or more if you are taking a 401(k) loan to purchase your primary residence.

If you leave Securitas before fully repaying the loan, the outstanding loan balance will become due immediately, and if you default on loan repayments, it may be considered a taxable distribution.

Securitas 401k after termination

When an employee leaves Securitas, they may have several options with their 401(k) funds. They can opt to leave the money in the plan if they meet the minimum required balance, or roll it over to another retirement plan such as an IRA or a new employer's 401(k) plan.

If you have an urgent financial need or a large purchase, you may consider taking a 401(k) withdrawal, but be aware that the distribution will be subject to taxes and penalties if you are younger than 59 ½.

Securitas 401k withdrawal

You can withdraw funds from your 401(k) account when you retire, leave your job, or become permanently disabled. In this case, the withdrawals will be subject to income taxes and an additional 10% penalty tax if you are below 59 ½.

When making a 401(k) withdrawal, you must determine the amount you want to withdraw. Then, contact the plan administrator to request the withdrawal, and indicate how you want to receive the distribution, either via check or direct deposit to your bank account. Once the withdrawal request is processed, you will receive the payment within 3 to 5 business days. 

Securitas 401k early withdrawal

In some situations, you may be allowed to take an early withdrawal from your 401(k) account, usually before age 59 ½. If you are facing a financial hardship, disability, or IRS-approved reason, you will be allowed to withdraw money from your 401(k) plan to meet your specific needs. However, you can only withdraw the amount needed to satisfy the financial hardship.

Additionally, before you make an early 401(k) withdrawal, you must exhaust other withdrawal options including rollovers and 401(k) loans.

Securitas 401k rollover form

If you want to roll over your Securitas 401(k) funds to another retirement plan, you must complete a rollover form. This form allows you to move your 401(k) money while maintaining their tax-deferred status.

To obtain the rollover form, log into Merrill Lynch's Benefits online portal and download it. You can also contact Merrill Lynch customer service to request it. Fill out the rollover form with accurate information to ensure the funds are transferred to the intended retirement plan.

Securitas 401k account number

The Securitas 401(k) account number is a unique identifier assigned to each plan participant. Enrolled employees can find their Securitas 401(k) account number by logging into their Merrill Lynch benefits portal or by calling customer service for assistance. Alternatively, you can check the quarterly 401(k) statements.

Securitas 401k phone number

For any issues related to your Securitas 401(k) plan, contact Merrill Lynch customer service at 1-866-820-1492 Monday to Friday 9.00 am to 9.00 pm EST.

Securitas 401k administrator

The plan administrator for the Securitas 401(k) plan is Rita Moore. If you have any questions about your benefits, you can contact the plan administrator at 1-818-706-6800. You can also contact the plan administrator by writing to the following address: 4330 Park Terrace Drive, Westlake Village, CA 91361-4630.

Securitas 401k eligibility

The eligibility requirements for the Securitas 401(k) plan depend on your role. If you are an administrative or paragon employee, you qualify to enroll in the company's 401(k) plan immediately. If you are a security officer, you must be 18 or older and have completed six months of service to be eligible to join the Securitas 401(k) plan.

Securitas 401k vesting

Employees are 100% vested in their contributions to the Securitas 401(k) plan, and any rolled over funds from other retirement plans. However, employer matching contributions become 100% vested after three years of employment. In some cases, different vesting schedules may apply to some employees, and you should consult the benefits department to know when you become fully vested in the company match.

Securitas 401k app

Securitas 401(k) plan participants can manage their 401(k) accounts on the go via the Merrill Lynch Benefits online app. You can download the app on the App Store and Google Play Store. You can use the app to check your 401(k) balance, update contribution rates, request a loan, withdraw or rollover, and stay up-to-date with alerts and market data.

Securitas 401k summary plan description

Once you join the Securitas 401(k) plan, you will receive a copy of the summary plan description. This document provides detailed information about the plan, including eligibility requirements, contributions, withdrawals, vesting, etc. Plan participants can obtain a copy of the summary plan description from the HR department or by downloading it from the Merrill Lynch online portal or mobile app.