Midwest Manufacturing has elected to sponsor a voluntary 401(k) plan which will provide each eligible Team Member the opportunity to save tax-deferred earnings and join other Americans in planning for their retirement.

The 401(k) plan allows the Team Member to contribute money on a regular basis through tax-deferred payroll deductions. These deductions are then sent to an investment company. Earnings on the investments pile up tax-free until the Team Member retires and begins drawing on the account.