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:
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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.
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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.
If you need to make changes to your 401k, follow this path: WEC Life → Myself → Life Events → I want to change my 401k contribution(link).
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 below or by following this path: 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.
Technician referrals may result in additional refferal fees! Our current technician referral promotion can be seen on the WEC Life home page.
The form to submit an employee referral or get more information on this program can be found below or by following this path: WEC Life → Myself tab → My Company → Electronic Forms
WEC Emergency Care Fund
The Warren Equipment Company Emergency Care Fund provides immediate financial assistance to employees facing unexpected disasters or personal hardships. We’re proud to sponsor this initiative, allowing both WEC and employee donations to support our team members during challenging times and fostering a culture of mutual support.
By contributing through payroll deduction or credit card, you’ll ensure vital support is available when a fellow team member needs it most. Every donation, regardless of size, makes a meaningful difference. To learn more, apply for a grant, or donate via credit card or payroll deduction, visit wecemergencycarefund.com.
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.
FAQ
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A frequently asked question surrounding your service
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
A frequently asked question surrounding your service
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
A frequently asked question surrounding your service
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.