Eligibility Requirements:

• 21 years of age.

• 2 months of service requirement for personal deferrals.

• Immediate Enrollment is available throughout the year in which employees become eligible.

 

Employee Contributions:

• Employees under the age of 50 can contribute up to $23,000 for 2024.

• Employees over the age of 50 can contribute an additional $7,500 for 2024.

• Pre-tax and Roth contributions are allowed. Participants can also choose to make a combination of both.

• Participants must choose a percentage of their pay to contribute between 0-92%.

 

Employer Contributions:

Woodmont Propertes will match 50% up to 4% of employee deferrals (2% max) with a 4-year vesting schedule.

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