Earnings report

[Aquaman]

You’re talking to someone that is always saying how many higher paying jobs are available to CDL holders and refuses to leave Express for one of them. I think they are on the extreme end of risk aversion.

ahh here’s another “have no expectations of your current employer” guy. Fat Freddys favorite kind of employee. Let me guess, you’re topped out and the younger generation doesn’t work as hard and wants everything you got for free lol. You worked for the company when they were INCREDIBLY generous. Overly generous. And think nobody should expect anything similar anymore. I stay at FedEx for an 8 hour day... that’s it. I’m not interested in driving 11-14 hours a day. I have a family. And an 8 hour day in a tractor trailer is impossible to find. Regardless of why I stay though, it’s perfectly reasonable for me to expect to move up the payscale in a reasonable length of time. And it’s 100% understandable to be furious about step 5 after 14 years of service with 12 years safe driving. If those gripes don’t make sense to you, chances are you’re pretty high up in the company.

 

[Nolimitz]

ahh here’s another “have no expectations of your current employer” guy. Fat Freddys favorite kind of employee. Let me guess, you’re topped out and the younger generation doesn’t work as hard and wants everything you got for free lol. You worked for the company when they were INCREDIBLY generous. Overly generous. And think nobody should expect anything similar anymore. I stay at FedEx for an 8 hour day... that’s it. I’m not interested in driving 11-14 hours a day. I have a family. And an 8 hour day in a tractor trailer is impossible to find. Regardless of why I stay though, it’s perfectly reasonable for me to expect to move up the payscale in a reasonable length of time. And it’s 100% understandable to be furious about step 5 after 14 years of service with 12 years safe driving. If those gripes don’t make sense to you, chances are you’re pretty high up in the company.

He/she is a ground contractor not a fedex employee. nough said

 

[falcon back]

Incorrect funds go back to the employer

Unused funds go to your employer, who can split it among employees in the FSA plan or use it to offset the costs of administering benefits. Under no circumstances can your boss give the money back to you directly, according to IRS rules. Once the plan year is over, that money is gone.May 24, 2016

Employers may continue to use forfeited funds to apply to administrative costs incurred during the plan year, or they may credit those leftovers to employees' FSAs in the next year's plan, as long as the employer in no way bases the credit on employees' claims experience and does not violate the Internal Revenue Code ...Jan 7, 2021

Using 5 year old rules is funny.
The rules did seem to change the year. Either way, a FSA is still an excellent plan if you are careful to not overfund it. The HSA is a good plan as well.

 

[falcon back]

You really have to love the culture of contradiction at this place. Managers are lazy people who get good money to do nothing, but no one wants to go into management because it's so demanding and unforgiving. The insurance plans are an embarrassment to employee benefits everywhere, but people prefer them to their spouses' plans. The insurance plans are ripoffs, but they insist on paying higher premiums for plans that don't offer commensurate increases in benefits or coverage.

It's crazy.

Yep. Whiners, cry babys and lazy people usually have multiple reasons for their bad attitude. It usually revolves around hating anyone in an authoritative position, no matter how good or bad that person in authority does their job. Then when simple math shows them the difference in the 2 insurance plans isn't worth the $2700 difference in premiums, the distrust escalates because they just KNOW the company is out to screw them over. They continue to buy insurance that they bitch about because they admit their spouses insurance cost too much. They are happiest when they are miserable

 

[59 Dano]

Exac

Exactly lol. Money in the bank is money spent for most Americans. I’d rather pay the premium than have to think about potential disasters I have to set money aside for. It’s exactly why there are such harsh penalties for early 401k withdrawal. Because when the money is available, you’ll spend it. Life happens to everyone. You’ll be a normal happy family who never needs health insurance, and then boom one Friday your daughters starting chemo. I want that money out of my hands so I don’t use it for a new fridge when it breaks lol. If years go by and I never need it... so be it.

LOL. You'd be better off putting the difference in your after-tax 401k. You can withdraw as much of it as you want at any time, with only part of the growth (not the principal) subject to taxes and the 10% penalty. For example, I can take $2000 out of my Vanguard after-tax 401k. My total taxes and penalties on that would be less than $70.

Or I can pay higher premiums.

In the short run the higher policy plan can possibly be a better value if I have a big health expense shortly after I start paying the higher premiums. Absent that, the value diminishes annually until I hit the breakeven point and it becomes a waste of money. The odds of me actually getting any meaningful benefit from the higher policy are slim.

 

[59 Dano]

I stay at FedEx for an 8 hour day... that’s it. I’m not interested in driving 11-14 hours a day. I have a family. And an 8 hour day in a tractor trailer is impossible to find. Regardless of why I stay though, it’s perfectly reasonable for me to expect to move up the payscale in a reasonable length of time. And it’s 100% understandable to be furious about step 5 after 14 years of service with 12 years safe driving. If those gripes don’t make sense to you, chances are you’re pretty high up in the company.

LOL!!! Earlier in the thread you were crowing about how you have to be an idiot not to throw money away on the most expensive plan that gives you the greatest peace of mind against a highly unlikely scenario.

I'm not saying wanting more money is unreasonable, but when you come right out and tell us that you want nothing more than 8 hour shifts that are impossible to find, good luck. There are a dozen PT guys who'd gladly trade places with you and your paycheck.

 

[bacha29]

Reading these comments one fact stands out. None of you truly have have a concrete one size fits all , one plan is decidedly better than the other answer.
Then again this is what insurance is all about. You're paying somebody else to accept the risks that would otherwise be yours.
It's all a matter of how much of the risk you think you can safely take on, on your own.
In the end it still comes back to that complex and tissue paper thin coverage health insurance plan none of you are deserving of having to contend with. A healthcare plan similar to veneer furniture. Shiny and impressive on top but thin and cheap underneath. And likely to be even more so going forward until it disappears altogether and there won't be a damn thing you can do about it except to look forward to the day when you can drag your slowed minds and crippled bodies over to Medicare shedding tears of joy for somehow having made it to that glorious day.

 

[Fred's Myth]

Incorrect funds go back to the employer

Unused funds go to your employer, who can split it among employees in the FSA plan or use it to offset the costs of administering benefits. Under no circumstances can your boss give the money back to you directly, according to IRS rules. Once the plan year is over, that money is gone.May 24, 2016

Employers may continue to use forfeited funds to apply to administrative costs incurred during the plan year, or they may credit those leftovers to employees' FSAs in the next year's plan, as long as the employer in no way bases the credit on employees' claims experience and does not violate the Internal Revenue Code ...Jan 7, 2021

I stand corrected. Thank you.

The point remains that it is forfeited, however.

 

[It will be fine]

ahh here’s another “have no expectations of your current employer” guy. Fat Freddys favorite kind of employee. Let me guess, you’re topped out and the younger generation doesn’t work as hard and wants everything you got for free lol. You worked for the company when they were INCREDIBLY generous. Overly generous. And think nobody should expect anything similar anymore. I stay at FedEx for an 8 hour day... that’s it. I’m not interested in driving 11-14 hours a day. I have a family. And an 8 hour day in a tractor trailer is impossible to find. Regardless of why I stay though, it’s perfectly reasonable for me to expect to move up the payscale in a reasonable length of time. And it’s 100% understandable to be furious about step 5 after 14 years of service with 12 years safe driving. If those gripes don’t make sense to you, chances are you’re pretty high up in the company.

It’s impressive to be wrong so many times in one post. Sounds like Express pays you enough since you claim you can’t find a better job that meets your other needs. If jobs that pay better have trade off you’re not willing to make than you’re in the best available job. What are you complaining about? Who complains about having the best job available for their skills?

 

[59 Dano]

Reading these comments one fact stands out. None of you truly have have a concrete one size fits all , one plan is decidedly better than the other answer.
Then again this is what insurance is all about. You're paying somebody else to accept the risks that would otherwise be yours.
It's all a matter of how much of the risk you think you can safely take on, on your own.
In the end it still comes back to that complex and tissue paper thin coverage health insurance plan none of you are deserving of having to contend with. A healthcare plan similar to veneer furniture. Shiny and impressive on top but thin and cheap underneath. And likely to be even more so going forward until it disappears altogether and there won't be a damn thing you can do about it except to look forward to the day when you can drag your slowed minds and crippled bodies over to Medicare shedding tears of joy for somehow having made it to that glorious day.

So many words to say so little.

 

[bacha29]

So many words to say so little.

My "little" still exceeds your nothing and beats Old Falcon Fart's less than zero by a wide margin.

 

[falcon back]

My "little" still exceeds your nothing and beats Old Falcon Fart's less than zero by a wide margin.

Either way, you are miserable and I am living the dream. That makes you a total loser.

 

[bacha29]

Either way, you are miserable and I am living the dream. That makes you a total loser.

Your idea of living like a dream is living like a refugee in the mind's eye of most people.

 

[falcon back]

Your idea of living like a dream is living like a refugee in the mind's eye of most people.

Yep. Fishing, playing golf and traveling is a terrible way to spend retirement. Then, when it's time for fun, I jump into my 69 Z28 and cruise the streets. Oh the misery.

 

[Cactus]

Yep. Fishing, playing golf and traveling is a terrible way to spend retirement. Then, when it's time for fun, I jump into my 69 Z28 and cruise the streets. Oh the misery.

You really believe your own BS don’t you?

 

[falcon back]

You really believe your own BS don’t you?

I have a hard time believing I get to live like this. Don't be jealous. My golf game sucks and I haven't caught as many fish this year as I like. The 69 Z is the one constant. Nothing like sound of the chambered exhaust and the whine of a 4 speed when you get behind the wheel.

 

[Stat41]

LOL. You'd be better off putting the difference in your after-tax 401k. You can withdraw as much of it as you want at any time, with only part of the growth (not the principal) subject to taxes and the 10% penalty. For example, I can take $2000 out of my Vanguard after-tax 401k. My total taxes and penalties on that would be less than $70.

Or I can pay higher premiums.

In the short run the higher policy plan can possibly be a better value if I have a big health expense shortly after I start paying the higher premiums. Absent that, the value diminishes annually until I hit the breakeven point and it becomes a waste of money. The odds of me actually getting any meaningful benefit from the higher policy are slim.

Yep. I ran the numbers between the 80 plan and the 70. In the VAST majority of situations, the 80 plan premiums/benefits come nowhere near the 70 plan. I couldnt believe they would still have such a plan in place, but I guess they did it to increase the insurance profits and as a pretense of giving us another viable option.

 

[bacha29]

You really believe your own BS don’t you?

And the amusing part is that the man really and truly believes that we actually care about what he does on a given day and what he does is something that is exceptional in this a nation of 330 million people.

 

[falcon back]

And the amusing part is that the man really and truly believes that we actually care about what he does on a given day and what he does is something that is exceptional in this a nation of 330 million people.

My happiness and your misery are on your mind 24/7. It probably keeps you up at night while you cuss Fedex and everything else in your pitiful life.

 

[Fred's Myth]

He plays the Envy Card, not realizing it ranks below the 2 of Clubs.