2018 Aflac Incorporated Benefits Guide

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AFLAC 401 (K) PLAN
EL IGIBI L ITY:
Full- and part-time employees may participate in the plan after receiving their first Aflac paycheck.
Temporary employees aren’t eligible to participate unless they have:
➤➤Completed 1,000 hours of service in their first year of employment, or in any calendar year thereafter,
and
➤➤Reached 21 years of age.
Leased employees, union employees, individuals classified by Aflac as independent contractors, nonresident aliens with no
U.S. income, interns and employees who participate in Aflac Japan’s retirement plans are not eligible to participate.
YOU SHOULD KNOW:
➤➤The Aflac 401(k) plan is managed by T. Rowe Price.
➤➤Pretax and Roth accounts: Through the 401(k) plan,
you may invest a portion of your pretax pay — meaning
before federal and state income taxes (where applicable)
are deducted. You may also contribute a portion of
your after-tax pay as a Roth contribution (see Roth
Deferrals below).
• Pretax contributions are taxed upon withdrawal.
• Roth contributions are taxed at the time they are made
but are not subject to federal income taxes when
distributed to you.
➤➤Make changes any time: You may change your
contribution amounts and investment choices any time by
logging in to your account a or
by calling T. Rowe Price, the plan record-keeper, at
800-922-9945. Your changes will be put into effect as
soon as administratively feasible.
➤➤More to learn: The information in this summary is
intended to provide a brief overview to familiarize you with
the plan but does not include all the details of your rights
and responsibilities under the plan. Consult the current
Summary Plan Description and the official plan document
for more complete information about the plan.
YOUR CONTRIBUTIONS:
New participants will be automatically enrolled at a 6 percent
deferral rate (subject to the annual limit set by the IIRS). All
participants deferring less than 6 percent will have their deferral
rate increased by 1 percent annually with the Auto Increase
feature until 6 percent deferral is reached. You may change your
contribution rate or opt out of the automatic enrollment at any
time. You may elect:
➤➤Up to 75 percent of your compensation. For this purpose,
your compensation is:
• The amount reported on your Form W-2, plus pretax
deductions for this plan and certain other Aflac plans;
but
• Minus reimbursements, expense allowances,
fringe benefits, moving expenses, gifts, deferred
compensation and welfare benefits.
➤➤Up to 75 percent of your profit-sharing bonus (subject to
required withholdings for Roth contributions).
COMPANY MATCHING:
For every dollar you contribute, up to 6 percent of your gross
compensation (subject to IRS limitations), Aflac will match your
contribution at 50 percent.
How to Apply for
Aflac Coverage