Simple IRA Retirement Program

DWE has established a Simple IRA Retirement Program to provide employees the potential for future financial security for retirement.

To be eligible to join the program, you must complete 12 months of service and be 21 years of age or older. You may join the plan only during open enrollment periods. Eligible employees may participate in the program subject to all terms and conditions of the plan.

The program allows the employee to elect how much of their compensation is to be contributed and direct where the investment is to be invested so that the employee can tailor their own retirement package to meet their individual needs. DWE also contributes an additional matching amount to each employee's program contribution.

Because your contribution to this program is automatically deducted from your pay before federal and state tax withholdings are calculated, you save tax dollars now by having your current taxable amount reduced. While the amounts deducted generally will be taxed when they are finally distributed, favorable tax rules typically apply to this program.

Complete details of the program are described in the Summary Plan Description provided to eligible employees. Contact the Human Resources Department for more information about the program.

Effective Date: 4/23/2012
Revision Date: 4/23/2012