Retirement Plan

Wesley Woods Retirement Plan

All eligible full-time and part-time employee who are at least 21 years of age are eligible for Wesley Woods’s basic and matching contributions to the retirement plan. Wesley Woods employees may participate on the first day of the month following their date of employment. Matching contribution and the company 2% employer contribution will begin after 1 year of continuous service in a 12-consecutive-month period (must work a minimum of 1000 hours in the 12 consecutive month period).

WESLEY WOODS MATCHING CONTRIBUTIONS

If an employee elects to make a contribution to the 403(b)-retirement plan of at least 1%, Wesley Woods will match the employee contribution dollar for dollar up to a maximum of 3%.

For Example:

  • Employee contributes 1% of eligible salary Wesley Woods matches it with a 1% contribution
  • Employee contributes 2% of eligible salary Wesley Woods matches it with a 2% contribution
  • Employee contributes 3% of eligible salary Wesley Woods matches it with a 3% contribution

All eligible full-time and part-time employees are immediately eligible to contribute to the retirement plan using pre-tax dollars only. As an employee, you may contribute 100% of your eligible pay up to the annual IRS maximum deferred limits. (Limit is $24,500.) If you are 50 or older, you may defer an additional catch-up amount. For 2026, the additional catch-up contribution amount can be up to $8,000.

TOTAL ANNUAL CONTRIBUTION

The IRS sets annual limits for the total amount that can be contributed by both the employee and the employer. This limit can change year to year. The IRS provides that the combined annual limit for total plan contributions is 100% of your W-2 compensation or $72,000, whichever is less.

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Wesley Woods Retirement Plan

Vanguard is one of the world’s largest global investment management companies, serving individual investors, institutions, employer-sponsored retirement savings plans and financial professionals. Amid all the “noise” in the marketplace about what you should and shouldn’t do to invest successfully, Vanguard believes the key is to pay attention to a few things that really matter: low costs, diversification, and a long-term perspective. Vanguard helps you stay focused on these essentials—and that can make a difference in reaching your financial goals.

Wesley Woods Retirement Plan

Vanguard’s website provides 24-hour secure online access to your account information, including daily balance and fund performance updates. You’ll have access to a wealth of information to help you with your retirement and financial planning. Online tools, calculators, and surveys tailored to your stage in retirement investing can help you determine how much to save, where to invest, how to plan for your retirement, and more.

You can also download Vanguard fund prospectuses at www.vanguard.com.

Simple Investment Changes

If you ever want to change how your money is invested, you can always move your money to new funds, rebalance your account, or redirect your contributions to new funds. It only takes a couple of minutes either online or by calling Vanguard. Transactions are generally $15.00.*

Transfers

If you ever wish to transfer funds from another vendor to Vanguard, you can simply contact. Vanguard to request the appropriate form. Once that form has been completed and returned to Vanguard, Vanguard handles acquiring your assets from the other provider. While it largely depends upon the transferee institution, most asset transfers are completed within three to four weeks.

Prospectus

For more information about any fund, including investment objectives, risks, charges and expenses, call Vanguard at 800-569-4903 to obtain a prospectus. The prospectus contains this and other important information about the fund. Read and consider the prospectus information carefully before you invest.

Easy Account Management

You can manage your account and get investment help anytime:
With personal assistance. Vanguard Participant Services associates are available to assist you at 800-569-4903 Monday through Friday from 8:30 a.m. to 8 p.m., ET.