BENEFITS
Future Security

Short Term Disability (STD)
This plan provides income protection for up to six months during periods of extended illness and disability.

Long-Term Disability Plan
After six months of disability, this plan provides participants a monthly benefit.

Basic Life Insurance
L&W provides basic life and accidental death & dismemberment insurance at no cost to the employee.

Group Universal Life Insurance (GUL)
GUL insurance offers additional life insurance protection plus the opportunity to build a tax-deferred cash accumulation fund.

Dependent Life Insurance
Employees may elect to provide life insurance for their spouse and/or children. The plan will pay a lump-sum benefit to you if your spouse and/or children should pass away while covered.

Retirement Plan
The L&W Retirement Plan is designed to provide a monthly income benefit for life when you retire based on your pay and your years of benefit service with the Company. The plan is a contributory defined benefit plan with full vesting after 5 years participation.

Investment Plan
The Investment Plan is a defined contribution plan more commonly knows as a 401(k) plan. The plan provides employees with a supplement to the Retirement Plan. Employees may invest 1% to 20% of their compensation on a pre-tax basis in any of eight investment options offered. Participants earn a guaranteed Corporation match of 50% on their first 1% through 6% of their contributions. Employees are fully vested after three years of participation.

Long-Term Care Insurance
Long-Term Care Insurance is designed to help participants insure themselves against the high cost of extended non-medical custodial or skilled care that is generally not covered by the L&W Medical plans. This type of care might be needed should a participant, through an accident, illness or the natural aging process, require assistance with performing routine activities of daily living such as bathing, dressing and eating.

Financial Planning Program
The Financial Planning Program through PriceWaterhouseCoopers is designed to help employees and their families better plan to meet future financial goals by providing valuable financial tools to help participants plan for major financial decisions and future security.