Wisconsin Deferred Compensation Investment Account Plan

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-146
• Format: Word; Rich Text

Description

20-146 20-146 . . . Deferred Compensation Investment Account Plan under which Board of Directors of Savings and Loan Association allocates a portion of annual bonuses which would otherwise be paid to selected officers and employees to a separate account. The deferred compensation in such account is deemed, for purposes of Plan only, to represent specified percentages of Association's investments in certain portfolios of equity securities, and it is increased or decreased to same extent as performance of such securities Wisconsin Deferred Compensation Investment Account Plan, also known as WDC, is a retirement savings program offered by the State of Wisconsin. It is designed to help employees, including public employees, build a nest egg for their retirement years. The plan allows participants to contribute a portion of their pre-tax earnings into various investment options, providing them with a convenient way to save for their future. The Wisconsin Deferred Compensation Investment Account Plan offers a range of investment options to suit different risk profiles and investment preferences. These options include various mutual funds, target-date funds, and stable value funds. Participants can customize their investment portfolio based on their risk tolerance and retirement goals. One notable feature of the Wisconsin Deferred Compensation Investment Account Plan is the ability to contribute to the plan through payroll deductions, making it an effortless way to save for retirement. Participants can choose to contribute a percentage of their salary or a fixed dollar amount, up to the allowable limits set by the Internal Revenue Service (IRS). Another advantage of the Wisconsin Deferred Compensation Investment Account Plan is the potential for tax-deferred growth. Contributions and investment earnings within the plan are not subject to federal income tax until they are withdrawn during retirement, allowing participants to potentially accumulate more savings over time. Participants in the Wisconsin Deferred Compensation Investment Account Plan also enjoy access to a variety of educational resources. These resources include workshops, seminars, and online tools that provide guidance on retirement planning, investment strategies, and managing personal finances. While the Wisconsin Deferred Compensation Investment Account Plan is the primary retirement savings program offered by the state, there are some alternative plans available. These may include the Wisconsin Public Employee Deferred Compensation Program and the Wisconsin Department of Employee Trust Funds Deferred Compensation Program, which may have variations in specific features or eligibility requirements. In summary, the Wisconsin Deferred Compensation Investment Account Plan is a valuable retirement savings program that allows public employees to save for their future through pre-tax contributions and a diverse range of investment options. It provides flexibility, convenience, and potential tax advantages, making it an attractive choice for individuals seeking to secure a financially stable retirement.

Wisconsin Deferred Compensation Investment Account Plan, also known as WDC, is a retirement savings program offered by the State of Wisconsin. It is designed to help employees, including public employees, build a nest egg for their retirement years. The plan allows participants to contribute a portion of their pre-tax earnings into various investment options, providing them with a convenient way to save for their future. The Wisconsin Deferred Compensation Investment Account Plan offers a range of investment options to suit different risk profiles and investment preferences. These options include various mutual funds, target-date funds, and stable value funds. Participants can customize their investment portfolio based on their risk tolerance and retirement goals. One notable feature of the Wisconsin Deferred Compensation Investment Account Plan is the ability to contribute to the plan through payroll deductions, making it an effortless way to save for retirement. Participants can choose to contribute a percentage of their salary or a fixed dollar amount, up to the allowable limits set by the Internal Revenue Service (IRS). Another advantage of the Wisconsin Deferred Compensation Investment Account Plan is the potential for tax-deferred growth. Contributions and investment earnings within the plan are not subject to federal income tax until they are withdrawn during retirement, allowing participants to potentially accumulate more savings over time. Participants in the Wisconsin Deferred Compensation Investment Account Plan also enjoy access to a variety of educational resources. These resources include workshops, seminars, and online tools that provide guidance on retirement planning, investment strategies, and managing personal finances. While the Wisconsin Deferred Compensation Investment Account Plan is the primary retirement savings program offered by the state, there are some alternative plans available. These may include the Wisconsin Public Employee Deferred Compensation Program and the Wisconsin Department of Employee Trust Funds Deferred Compensation Program, which may have variations in specific features or eligibility requirements. In summary, the Wisconsin Deferred Compensation Investment Account Plan is a valuable retirement savings program that allows public employees to save for their future through pre-tax contributions and a diverse range of investment options. It provides flexibility, convenience, and potential tax advantages, making it an attractive choice for individuals seeking to secure a financially stable retirement.