Rentokil North America, Inc. 401(k) Review & Grade
Rentokil Initial USA 401(k) Plan
Reading, PAManagement of Companies15,232 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,226Employer $ per active participant
$5,942Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$1.3BNet plan assets, end of year
$46,283Average balance per account
Score breakdown
- Employer generosity25.0 / 5050th percentile for employer $ per participant
- Low cost4.8 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving8.5 / 1557th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score28 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 19th |
| Employee saving | 57th |
| Peers that auto-enroll | 50% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($15,255 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $47,846 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Rentokil North America put in about $2,226 per active participant, below the typical peer ($2,229). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.19% of assets) are well above similar-size plans (0.09%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $33,900,833 |
| Participant (employee) contributions | $90,505,613 |
| Other contributions (incl. rollovers in) | $5,040,670 |
| Administrative expenses paid from the plan | $1,860,962 |
| Other admin expenses | $1,860,962 |
| Benefits paid out | $136,617,669 |
| Net assets, start / end of year | $632.9M / $1.3B |
| Active participants, start / end of year | 10,037 / 20,428 |
| Participants with account balances | 28,305 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $1,025,197 reported compensation |
| Vanguard Advisers Inc. | $419,097 reported compensation |
| Aon Investments USA Inc | $197,397 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014123336NAL0002909345001, received 2025-10-14, EIN 23-1568350, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.