Retirement Savings

All employees, age 18 an older, are eligible to participate in the 401(k) plan, except,

• Employees who are residents of Puerto Rico
• Employees covered by a collective bargaining agreement
• Non-resident aliens with no U.S. earned income
• Leased employees
• Interns and temporary employees unless such employees work 1,000 hours in an eligibility computation period

When can you begin making contributions to the plan?

You become eligible to participate in the 401(k) plan the first of the month following 30-days full time employment. The first contribution date depends on when you make your contribution election and the payroll cutoff date, but generally begins as soon as administratively possible.

Automatic Enrollment

Our plan is an an auto-enrollment program. This means, if you make no elections, a contribution of 5% will begin to occur automatically from your payroll. If you wish to not contribute to your 401(k), you must log into Empower and set your contributions to 0%.

Roth Contributions

The IRS limits your annual Roth contributions to remain at $7,500 in 2026. However, if you are 50+ years in age, you may make an additional contribution of up to $1,100 in 2026.

Matching Contribution

Good news! Verra Mobility matches your 401(k) contribution, dollar-for-dollar, for the first 4% you contribute. You are immediately vested in all contributions matched by Verra Mobility.

How To Enroll

Empower will mail an enrollment packet to your home address. Follow the packet's instructions on how to elect, select investments, and roll-over balances from another 401(k) plan into your Verra Mobility 401(k) account.