401(K) Saving with VPP's 401(k) Plan VPP makes it easy to build retirement savings through convenient payroll deductions, with both pre-tax and Roth (after-tax) contribution options available. Eligibility Full-time and Part-time employees become eligible to participate in the 401(k) plan on the first pay period of a calendar quarter (January 1, April 1, July 1, or October 1) following 90 days of service. Example: If your start date is January 20, your 90th day falls on April 20—just past the April 1 entry date. In that case, you'd become eligible on the next quarterly entry date: July 1. Automatic Enrollment New hires are automatically enrolled at a 3% pre-tax contribution rate. You're free to adjust this at any time by
logging into your Principal account, where you can: Increase or decrease your contribution percentage
Switch to a flat-dollar contribution Add or change Roth contributions Update your investment fund selections
Contribution Limits You may contribute anywhere from 1% to 100% of your pay, up to the annual IRS maximum. Employees age 50 and older are also eligible to make additional "catch-up" contributions. 2026 IRS Limits: Employee contributions: $24,500 Catch-up contributions (age 50+): $11,250 All your individual contributions are 100% vested immediately.
Years of Service
Vested Percent
0
0%
1
20% 40% 60% 80%
2 3 4
5 or more 100% Vested percent is based on the employee’s hire date with the hospital and not when they partnered with VPP VPP Employer Match Your Contribution VPP Match 1% 1% 2% 1.50% 3% 2% 4% 2.50% 5% 3% 6% 3.50% VPP offers 100% employer match on the first 1% of your contributions and 50% match from 2% - 6% of your contributions. The maximum match is 3.5% if you contribute 6%
45
25
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