What is an IRA?
An Individual Retirement Account (IRA) is a great way to save for your future. With an IRA, you can increase your retirement savings and take advantage of tax benefits. We offer both our Roth and Traditional IRAs.
Traditional IRAs give you tax-deferred growth and possible tax deductibility now, while Roth IRAs offer tax-free growth, meaning no taxes at all later on.
Member Advantages
- No-load mutual funds
- Guaranteed investment with competitive returns
- Financial counseling for participants
- Internet and telephone account access 24/7
- No fees to open or close an account
- No fees for account changes
- No mortality/death benefit charges
- Low annual administrative fees (0.45%), $500 annual fee cap*
- No commissioned sales people
- Convenient payment options
- Not-for-profit organization
*Minimum annual fee of $25 for inactive. Inactive accounts are accounts with no contributions or distributions.
The WEAC IRA was created in 1998 as a service to WEAC members. All active WEAC members, as well as family members such as spouses, children, and parents are eligible to participate.
The Trustee for the WEAC IRA Program is First Business Trust & Investments.