Making the most of your Dow Savings Plan

When you contribute to the Dow Savings Plan, Dow helps you save for retirement through a matching contribution. You have a variety of investment options, giving you the flexibility to choose a diversified investment mix that’s right for you – based on your goals and tolerance for risk.

As of January 1, 2024:

  • Dow matches your contributions (up to 5%).
  • Your actual Performance Award and shift differentials (if applicable) are included in your eligible pay, allowing you to save more and receive more in Company matching contributions.
  • There is no limit on the amount of pay used to determine contributions under the Dow Savings Plan.

An enhanced match went into effect on January 1, 2024, increasing the amount the Company contributes toward your savings:

What to know about the Dow Savings Plan

You and Dow contribute

Your contributions

You select your basic contribution amount from 1% - 7% of your earnings. You also have the option to increase your savings by making additional contributions over and above the basic contribution to a maximum of 23% of your earnings. The total of your basic and additional contributions cannot exceed 30% of your earnings.

Dow contributions

When you make a basic contribution of 7%, Dow will contribute 5%. That’s 12% of earnings going toward your retirement and future needs. You can contribute more through the optional contributions.

Your contributions

You select your basic contribution amount from 1% - 7% of your earnings. You also have the option to increase your savings by making additional contributions over and above the basic contribution to a maximum of 23% of your earnings. The total of your basic and additional contributions cannot exceed 30% of your earnings.

Dow contributions

When you make a basic contribution of 7%, Dow will contribute 5%. That’s 12% of earnings going toward your retirement and future needs. You can contribute more through the optional contributions.

Company contributions are based on the following scale:

When you contribute… (as a percentage of earnings)

1%

2%

3%

4%

5%

6%

7%

Dow contributes… (as a percentage of earnings)

2%

2.5%

3%

3.5%

4%

4.5%

5%

Don’t forget you can contribute up to an additional 23% to help grow your retirement savings.

Don’t miss out on the Company match! Be sure to contribute at least 7% to get the full Company match. Take a look at this example that shows the value of Dow’s match.

You choose investments

You can change your investment direction for future contributions, or transfer amounts between funds at any time, through Sun Life. If you do not make an investment choice, or the total percentage does not equal 100%, the total/difference, will be invested in the BlackRock LifePath® Index Segregated Fund. You can change your investment direction for future contributions and transfer money between funds at any time.

Keeping track of your account

You can access your account information at any time by:

  • Using Sun Life Financial’s 24-hour Automated Telephone System for self-service at (866) 733-8612.
  • Calling Sun Life Financial’s Customer Care Centre representatives at (866) 733-8612 any business day from 8 A.M. to 8 P.M ET. By calling the Customer Care Centre, you can also arrange to speak with an investment specialist for information about your investments.
  • Visiting www.mysunlife.ca (Sun Life Financial’s Plan Member Services website) – 24 hours a day.

Keeping track of your account

You can access your account information at any time by:

  • Using Sun Life Financial’s 24-hour Automated Telephone System for self-service at (866) 733-8612.
  • Calling Sun Life Financial’s Customer Care Centre representatives at (866) 733-8612 any business day from 8 A.M. to 8 P.M ET. By calling the Customer Care Centre, you can also arrange to speak with an investment specialist for information about your investments.
  • Visiting www.mysunlife.ca (Sun Life Financial’s Plan Member Services website) – 24 hours a day.

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