Warren Equipment Company

401k with Bank of Oklahoma

The WEC 401(k) retirement plan, administered by the Bank of Oklahoma, allows you to build your savings using tax-deferred paycheck contributions. To help you start saving immediately, all employees are automatically enrolled on their first day of employment at a 6% pre-tax contribution rate. You maintain full control over your savings and can adjust this rate at any time by navigating to the Life Events page in WEC Life.

WEC supports your retirement goals by providing an immediate 50% match on your contributions, up to 6% of your total pay. Additionally, the company may match the remaining 50% at year-end through a profit-sharing contribution, subject to annual approval.

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.

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

startright.bokf.com
previous webinars
Rollover Form
information on contribution types

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.

dependent scholarship information
scholarship application

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

WEC Life
tuition reimbursement form

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 Life
WEC Referral Form

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.

wec emergency care fund

How Money Works by WealthWave

Our partners at WealthWave offer our employees financial literacy workshops to provide an education on the financial concepts and fundamentals everyone deserves to know. WealthWave also offers our employees a complimentary, no obligation financial review. Areas they specialize in are:

  • Financial Education and Needs Analysis
  • Analyzing Cash Flow and Budgeting
  • Emergency Funds and Debt Management
  • Life Insurance and Long-Term Care
  • 401(k) and IRA Rollovers
  • Retirement Planning and Investments
  • Estate Planning Document Preparation

Empowering WarrenCAT workers with financial literacy & custom-tailored game plans to achieve their goals! 

 
Please call/text our educators Mark Leichty or LeRoy Bilal to ask questions or to schedule your 1-on-1 Financial Needs Analysis.
contact information & how money works resources
explore the 7 money milestones
Wealth Wave's How Money Works Class: Taking Control of Your Financial Future
Wealth Wave's How Money Works Class: Protecting your financial future

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.

better money habits
preferred rewards

FAQ

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 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 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 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 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 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 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 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.