Enroll or make contribution changes at www.tcgservices.com
Employee Contributions
- Employees are eligible to enroll in the plan on their date of hire.
- Employees can make up to 100% pre-tax or after tax (Roth) contributions from eligible compensation. The IRS contribution limits for 2025 is $23,500; participants 50+ can contribute an additional $7,500.
- Beginning in 2025, employees who are aged 60-63 in the current plan year will be eligible to contribute an additional $3,700 in catchup contributions for a total of $11,250 of catchup dollars.
- Participants may change deferral amounts or investment elections at any time.
- Additional Employee Catch-Up Opportunity: Starting 01/01/25, Victory will offer employees who will be aged 60-63 in the 2025 plan year the opportunity to contribute an additional catch-up in the amount of $3,750 to their 401(k) for a total of $34,750 in employee deferrals to help maximize your retirement savings.
Automatic Salary Deferral Contributions
- Employees will be automatically enrolled in this Plan when they are eligible to participate and will have 6% of their salary withheld automatically as a pretax deferral, unless voluntary salary deferrals are elected otherwise prior to their first pay period.
Employer Contributions
- You will be eligible to participate in the VCM 401(k) Plan on your date of hire and will be granted service credit from Amundi towards the 1-year waiting period to receive VCM employer match dollars.
- VCM offers a dollar-for-dollar match up to 6% on eligible compensation (IRS limits apply). Eligible compensation includes base pay, overtime, bonuses and commissions.
Rollovers from other Plans
- The plan will allow rollover contributions from other eligible plans upon date of hire.
Participant Loans
- Participants are eligible to take up to 50% of their vested plan balance up to a maximum of $50,000.
- Participants are eligible to have 2 outstanding loans.
- Repayments are payroll deducted on an after-tax basis.
Student Loan Repayment – 401(k) Match
- A matching contribution, up to 6% of compensation, based on the student loan payment amount, may be made to the participants VCM 401(k) account starting in 2025, for participants who have current, eligible, outstanding student loan debt.
401(k) Retirement Savings
To make contribution or investment changes to your 401(k) Plan, log into TCG Administrators website at https://tcgservices.com/. There, you may access information about the 401k plan, financial wellness education, and tools to help you prepare for retirement. Remember, you may make salary deferral changes to the 401k plan anytime; this is not limited to open enrollment.
If Your beneficiary information for the 401(k) Plan can also be found on the TCG website.
Resources: All Summary Plan Descriptions and details about our benefit plans are available on the VCM Benefits Hub. If you need help with specific questions, please contact Human Resources.