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The Washington DCP (Deferred Compensation Program) provides retirement savings options with both pretax contributions and a Roth option that allows for tax-free withdrawals under certain conditions. Employees can contribute to either or both accounts, with annual contributions subject to IRS limits and Roth withdrawals becoming tax-free after a five-year holding period and reaching age 59½.
Washington State
Washington State Deferred Compensation Program (DCP)Parse Score
