WGRSP-Introduction

WGRSP-Introduction

Getting to Know WG’s New 401(k) Stewards: NWPS and Charles Schwab The Western Growers Retirement Security Plan (RSP) Advisory Board continually strives to better serve the needs of our RSP employers and participants, which is why we recently selected Northwest Plan Services (NWPS) and Charles Schwab as the new administrator and custodian, respectively, of WG’s 401(k) plan. This new partnership is already yielding immediate benefits! A 401(k) designed specifically for the agriculture industry. Our goal is simple: To constantly evolve as a plan and enhance our 401(k) capabilities. The move to NWPS and Charles Schwab allows us to add investment options and expand flexibility in the plan’s design. BETTER OPTIONS FOR A BETTER TOMORROW

NWPS is the largest Multiple Employer Third Party Administrator in the country with a wealth of experience and tenure

among their ownership and employees, and they offer a diverse range of Qualified and Non-Qualified plans with highly competitive fee structures. As a new RSP offering, Non-Qualified plans can be tailored to meet the specific needs of both the employer and employees. With NWPS, we can also look ahead to the possibility of changing the RSP structure from a Group Trust to a Multiple Employer Plan, which would significantly lower compliance costs for RSP employers and participants. For example, instead of paying for individual 5500s for each employer, RSP would file a single 5500 for the entire plan.

YOUR SECURITY.

Western Growers Retirement Security Plan. The Right Choice. The Right Partners. In our relentless pursuit of excellence, we are excited about our new partnership with NWPS and Charles Schwab. The unparalleled benefits they offer will allow us to meet your investment needs and ensure the retirement security of your employees. Charles Schwab, the largest custodian in the retirement industry, brings substantial market expertise, cutting- edge technology, unmatched investment options, and favorable fees and expenses. With Charles Schwab, employers can now offer their participants the option of self-directing a portion of their retirement dollars into individual stocks and index funds. Furthermore, Charles Schwab is not just the custodian, but the trustee for RSP. This means participants’ balances are never commingled or reported as assets lent out with other bank deposits, which provides a greater level of financial security than custodian-only arrangements. www. w e s t e r n g r o w e r s r s p . c om

YOUR SECURITY.