Employes can defer pre-tax income into one or more of the available investment options. The account balance grows on a tax-deferred basis until a distribution occurs, normally at retirement. They select the administrative services provider through a competitive bid process. Meetings at the work site are offered at least annually and scheduled at the employer's discretion. The Board and the Department also select and monitor the WDC's investment options.
Investments are independent of the contract administrator.
The investment options offered range from conservative fixed interest options to aggressive growth mutual funds. Co. This enhancement provides participants with approximately 2,000 additional mutual fund choices. More than 550 local government employers have elected to offer the WDC to its employes. The WDC is designed to meet your employes' needs . . . . For the inexperienced investor or those that do not want to spend much time on their retirement savings plan.