Employees may opt to contribute to the Villa’s 403(b) plan through payroll deduction immediately upon hire. On the first of the calendar quarter after the employee meets the requirement of 1 year of service and 1000 hours worked, the Villa will match employee contributions up to 5% of employee’s earnings. Employees are 100% vested in these contributions.
Vanguard, our retirement vendor, offers Villa employees several investment choices. Our employees may divide their contributions among these funds or select a single fund to receive contributions. Investment choices are not permanent. Changes in fund choices can be made at any time.
For more information:
Please contact our Benefits Manager at 804-521-5578.
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