2024 BENEFITS PROGRAM
For the 2024 Plan Year:
- United Healthcare, Optum, Unum, and Navia will remain our benefit vendors.
- VCM – HSA contributions will continue to be front-loaded each calendar quarter.
- IRS announces 2024 401(k) Limits: $23,000 / $7,500 catchup (remains the same).
Eligibility Guidelines for Employee Benefits Plans
Who is eligible for coverage?
Employees
You will be eligible to enroll the 1st of the month following your date of hire. This will apply to medical, dental, vision, FSA, HSA benefits, Life, and Disability. You are eligible for benefits if you are a fulltime employee, or a variable employee working at least 30 hours per week. Employees working less than 30 hours per week are ineligible for medical, dental, vision, FSA, HSA benefits, and all voluntary benefits thru Unum. All employees are eligible to participate in the Victory Capital Management, Inc. 401(k) plan upon their date of hire.
Dependents
An eligible dependent may be:
- Your legal spouse
- Your dependent children under age 26*
- Includes biological children, step-children, legally adopted children, a child placed for adoption, or any child for whom you have been court appointed as legal guardian or legal custodian
- Your dependent children 26 years or older who are incapable of self-sustaining employment by reason of mental illness or physical handicap
*Children are eligible for coverage from birth to the end of the month in which the child attains age 26.
