Your Wealth

401(k) Retirement

Our market leading 401(k) plan is an investment in you and the financial security of your future. Our savings plan helps you access low cost, high-quality investment options from best in class institutional funds. When you contribute a minimum of 5% of your cash compensation (base pay + annual incentive/commissions), you are eligible to receive a 5% match from Crown Castle. You will also receive an additional 5% contribution through our PURPLE stock award.

Teammates are eligible to participate on their first day of employment, assuming they are at least 21 years of age.

Contributions Direct Link

  • You can contribute up to the IRS annual limits. In 2024, the limits are $23,000 for teammates under age 50 and $30,500 for teammates age 50 and older.
  • The plan will automatically make a match of 100% of up to 5% of cash compensation (base pay + annual incentive/commissions) which you defer into the plan, at each payroll period.
  • To take advantage of the full company match, contribute at least 5% of your cash compensation (base pay + annual incentive/commissions) to the plan.
  • The plan will also make an additional contribution, the PURPLE Stock Award. This contribution represents 5% of your cash compensation (base pay + annual incentive/commissions) and is made in the form of Crown Castle stock. You must be employed by Crown Castle on December 31 of the plan year to be eligible for the PURPLE Stock Award and the contribution is made in the first quarter of the following calendar year. Although the PURPLE Stock Award is made in the form of Crown Castle stock, you may freely and immediately reinvest it according to your preferences.
  • You can make elections online to contribute a portion of your annual incentive or commission to the plan. These contributions have the opportunity to be matched, within plan limits, just like other contributions.
  • The 401(k) plan has an option to make Roth 401(k) contributions on an after-tax basis. Because Roth contributions are taxed today, qualified Roth distributions during retirement are generally not subject to tax.

2024 401K Contribution Limits Direct Link

Contribution LimitsAmount
401K Contribution Limits $23,000
Catch-up Contribution (50 years or older) $7,500

Vesting, Investment Options and Account Management Direct Link

  • The Crown Castle match and the PURPLE Stock Award will vest 33% after one year of service, 67% after two years and 100% after three years.
  • The plan offers 21 investment options and the Personal Choice Retirement Accounts, providing access to thousands of individually traded stocks or funds in Charles Schwab’s menu of investments.
  • You can make changes to your contributions each pay period at schwab.com/workplace, or by calling 800-724-7526 (800-SCH-PLAN).
  • New teammates will be automatically enrolled in the 401(k) plan with a 6% salary deferral on the first day of the month following 3 months of employment. If you don't wish to be automatically enrolled, you may opt out by electing to defer 0%.