401k with Bank of Oklahoma
A 401(k) plan with the Bank of Oklahoma is a retirement savings plan that allows you to save money from your paycheck tax deferred. Beginning on an employee’s first day with WEC, they will be enrolled in our 401k program at a 6% pre-tax contribution rate. You can change your contribution rate at any time by visiting the Life Events page in WEC Life.
Bank of Oklahoma offers a variety of 401(k) plan options, including:
Traditional 401(k): This is the most common type of 401(k) plan. With a traditional 401(k), you contribute money from your paycheck before taxes are taken out. Your contributions grow tax-deferred until you withdraw them in retirement, at which point you will pay taxes on the withdrawals.
Roth 401(k): With a Roth 401(k), you contribute money from your paycheck after taxes are taken out. Your contributions grow tax-free until you withdraw them in retirement, at which point you will not pay taxes on the withdrawals.
Bank of Oklahoma also offers a variety of investment options for your 401(k) plan, including mutual funds, target-date funds, and individual stocks and bonds. You can choose the investment options that best meet your individual investment goals and risk tolerance.
Hardship withdrawals and loans are also available by visiting the BOK StartRight site.
You can reach Bank of Oklahoma by calling 800.876.9557
Dependent Scholarship
Your family matters to you, so they’re important to us, too. Dependent children of Warren Equipment Company employees are eligible for college assistance to encourage them to pursue higher levels of formal education. You must have completed two years of service by the beginning of the semester for your dependents to be eligible. The amount of each award is determined by the qualification of each candidate and the number of candidates participating each semester. Applications are taken in January for the Spring Semester, and September for the Fall Semester.
Tuition Reimbursement
At Warren Equipment Company, we believe education is important! That’s why we’ll help you continue your education, by offering tuition reimbursement after 90 days of full-time employment. Classes must be directly related to your position or another role with Warren Equipment Company and must be approved in advance. The maximum reimbursement for tuition and book expenses is $5,000 per calendar year.
More information about our tuition reimbursement program can be found in our Employee Handbook on the WEC Life home page.
The request form for tuition reimbursement can be found here: WEC Life → Myself tab → My Company → Electronic Forms
Employee Referral Bonus Program
WEC is always looking for qualified employees and appreciates recommendations made by existing employees. If you recommend someone other than your child or grandchild who is hired on a full-time basis, you are eligible to be paid a Recruitment & Referral Bonus. This may be changed from time to time depending on existing market conditions. The Referral fee is $500, half of which is paid 30 days after the date of hire and half of which is paid after 6 months from the date of hire based on the referred employee’s continued employment.
The form to submit an employee referral or get more information on this program can be found here: WEC Life → Myself tab → My Company → Electronic Forms
Bank of America Programs
Better Money Habits is a free online resource from Bank of America designed to help individuals improve their financial knowledge and skills. It offers a variety of tools, articles, and calculators to assist users in understanding and managing their finances more effectively.
Bank of America Preferred Rewards is a rewards program that allows you to earn more rewards on your Bank of America credit cards and deposit accounts.
Preferred Rewards members receive a number of benefits, such as:
Earn 25% to 75% more rewards on every purchase made with eligible Bank of America credit cards.
Receive a number of other benefits, such as higher ATM withdrawal limits, free or discounted wire transfers, priority customer service, and exclusive discounts and offers.
To enroll in Bank of America Preferred Rewards, you must have a Bank of America deposit account or Merrill investment account.