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Essential Considerations for Roku Employees Contemplating Retirement: What You Need to Know Before Making the Leap

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Healthcare Provider Update: Roku offers comprehensive health insurance benefits including medical, dental, vision, life, and disability coverage. Employees receive an annual stipend that typically covers the full cost of health insurance premiums, making coverage effectively $0 out-of-pocket for most staff 1. As ACA premiums are projected to rise by 1518% in 2026 and subsidies may expire, Rokus fully subsidized health plans provide a strong financial advantage, shielding employees from the volatility and cost increases expected in the individual marketplace. Click here to learn more

With all of the changes at Roku employees need to know what steps to take before leaving. Retiring, or worse, losing your job, is a monumental (for better or for worse) moment in your life. Your mind is racing, your palms are sweating, and you simply just doesn't know how to operate. The loss of a job, especially for those with over 20 years of service, affects the same receptors in the brain as the loss of a loved one. You have been connected with Rokufor 20 years, and now the relationship is over. Remember to reach out to Roku HR & Benefits departments for all Roku summary plan descriptions.

The same five stages of grief apply for a person going through retirement, job loss, or the loss of a loved one. Denial, anger, bargaining, depression, and acceptance are a part of the framework that makes up our learning to get through the lack of employment.

As the reality of the situation settles, your emotions will be a mess. You might feel upset one minute, and annoyed the next, and it can be tempting to vent your frustrations. Remember, acting upon impulse almost never turns out well, and can make a difficult situation even worse.

Here are a few items to check off as you consider leaving Roku:

1. Sit down and carefully analyze your finances. If you have a spouse or signifigant other, involve them in this process. Avoid doing financial business with friends or family. Money and friendships do not mix.

2. Call your Credit Union or Bank, and consider opening a line of credit against your home equity. Consider opening additional credit cards to create an emergency credit line. As many of you have been employed your whole life, you probably won't think to do this - once you are unemployed, it becomes exceedingly difficult to get credit, making it very important you take this line of action.

3. Go over your 401(k) contributions, if you were making them. Decide whether or not you should increase your contributions for your remaining time on payroll, or cease them entirely to build up more immediate cash. How you proceed may have big tax implications. Depending on when you stop contributing, you may end up in a much higher tax bracket due to your severance payment, unemployment, etc.

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4. It's not always wise to file for unemployment immediately after the loss of a job. Depending on the time of year you are laid off, paired with your financial situation, it could be beneficial to wait to file your claim so that your unemployment payments fall in the next tax year, when your overall income is lower due to the fact that you're unemployed. There are an overwhelming number of situations that you want to consider before making a move on this. We recommend speaking with a Roku-focused retirement advisor to go over your options.

5. Unless you believe your layoff was deserved, speak to a trusted lawyer to go over your options. Venting your anger at managers and colleagues may feel amazing temporarily, but it will damage your career in the long run. You spent all this time building up your relationships at Roku why burn them now? Avoid going online even anonymously to berate past Roku staff & management.

6. Have a plan for how to fill the void on your LinkedIn profile and your resume. If you are pursuing a new job, having a job makes it much easier when finding your next adventure. In the mean time, you might consider becoming a consultant until you find a permanent position. You may also find the ability go go back to Roku as a contractor working on your terms.

7. Figure out what you will tell your Roku wcoworkers - create your go-to statement and practice it, so you can say it without becoming too emotional. It will be normal for friends and acquaintances to ask, and we assume you won't want to burst into tears or lash out every time the question is popped. However horrible you feel, it's crucial to remain calm and act professional, and try to avoid doing anything that might hinder your reputation or integrity. Remember to stay professional on social media when discussing Roku.

What type of retirement savings plan does Roku offer to its employees?

Roku offers a 401(k) retirement savings plan to help employees save for their future.

Does Roku match employee contributions to the 401(k) plan?

Yes, Roku provides a matching contribution to employee 401(k) accounts, subject to specific terms and conditions.

What is the vesting schedule for Roku's 401(k) matching contributions?

Employees at Roku typically vest in the company’s matching contributions over a specified period, which is detailed in the plan documents.

Can Roku employees choose how to invest their 401(k) contributions?

Yes, Roku employees can select from a variety of investment options within the 401(k) plan to align with their retirement goals.

What is the minimum age for Roku employees to participate in the 401(k) plan?

Employees at Roku can participate in the 401(k) plan as soon as they meet the eligibility requirements, which typically include being at least 18 years old.

How often can Roku employees change their 401(k) contribution amounts?

Roku employees can change their 401(k) contribution amounts at regular intervals, usually once per pay period or as specified in the plan guidelines.

Is there a limit to how much Roku employees can contribute to their 401(k) plan each year?

Yes, Roku employees must adhere to the annual contribution limits set by the IRS for 401(k) plans.

Does Roku provide educational resources for employees to help them understand their 401(k) options?

Yes, Roku offers educational resources and tools to assist employees in making informed decisions about their 401(k) investments.

What happens to a Roku employee's 401(k) if they leave the company?

Upon leaving Roku, employees have several options for their 401(k), including rolling it over to another retirement account or leaving it in the Roku plan, depending on the plan rules.

Can Roku employees take loans against their 401(k) savings?

Yes, Roku allows employees to take loans from their 401(k) accounts under certain conditions outlined in the plan.

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For more information you can reach the plan administrator for Roku at , ; or by calling them at .

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