WFEC offers a complete and comprehensive benefits program which is comparable with those offered throughout the utility industry and competitive with benefits offered by most employers.
Medical and Dental Insurance: Medical and dental insurance are offered to employees and their families. Employees may choose either a conventional medical insurance plan or a consumer directed health plan, i.e. a high-deductible plan that is coupled with a health savings account. Dental insurance is offered to employees and families with a choice of two plans.
Life Insurance: WFEC provides term life insurance for employees based on three times the employee's salary, with accidental death and dismemberment benefits. Company-paid term insurance is provided for family members.
Retirement Plans: WFEC offers two retirement plans: a traditional defined benefit pension plan and a 401(k) program. The defined benefit plan is funded entirely by WFEC and provides either an annuity or lump sum payment upon reaching normal retirement age. WFEC provides base funding for the 401(k) account and also provides a match for employee contributions. Employees may make pre-tax contributions to a traditional 401(k), or the employee may choose to make after-tax contributions to a Roth 401(k) account.
Additional Insurance Benefits: WFEC also offers Short and Long-Term Disability Insurance.
Paid Vacation, Sick Leave and Holidays: New employees at WFEC begin accruing paid vacation and sick leave from the first month of their employment. In addition, paid holidays are provided.