Contacts & Resources

401(k) Retirement Savings Plan

VillageMD provides a 401(k) retirement plan with a company match for all team members after 90 days of service, or immediately for team members who join VillageMD through an acquisition.

To encourage you to save for the future, VillageMD gets you started right away:

  • Unless you opt out, you will be automatically enrolled with a team member contribution of 3% of your eligible pay starting the month after you become eligible.
  • Within 30 to 45 days before your plan participation start date, you will receive a welcome kit directly from ADP Retirement Services with details about how and when you can access your account. 
  • You may contribute up to the IRS annual limit ($20,500 in 2022).
  • If you are age 50 or older, you can make catch-up contributions (up to $6,500 in 2022).

Matching contributions

VillageMD will provide matching contributions of up to 3.5% of your eligible pay, as follows:

  • 100% of the first 1% of pay you contribute.
  • 50% of the next 5% of pay you contribute.
  • If you contribute a full 6% of pay, VillageMD will contribute 3.5% to your account.


While your own 401(k) contributions are always 100% vested, VillageMD contributions are subject to a vesting period based on your length of service, as shown below. If you leave VillageMD for any reason, the vested portion of the 401(k) account is yours to keep.


Service Period

Match Vesting

Less than 1 year


1 – 2 years


2+ years


NOTE:  If you join VillageMD through an acquisition, your service with the acquired group counts toward vesting of VillageMD matching contributions.


401(k) Savings Example

Team Member Contribution

VillageMD Match

Gross Compensation: $50,000

First 1% at 100%: $500

Deferral Election: 6%

2% to 6% at 50%: $1,250

Team Member Deferral: $3,000

Total Match: $1,750


Total Match % of Pay: 3.5%

Total 401(k) Contribution: $4,750