Teamster 401K Packet

[IVE GOTTA PACKAGE 4U]

That might be true but I was addressing the original poster who is a seasonal employee. He won't have 5 k in his account by the time he is shown the door .

I can't believe the money this company wastes.

 

[pickup]

I can't believe the money this company wastes.

Actually I think the employee is footing the bill. The fees that Prudential charges comes from the money in the employee's non matched 401k fund.

 

[IVE GOTTA PACKAGE 4U]

Actually I think the employee is footing the bill. The fees that Prudential charges comes from the money in the employee's non matched 401k fund.

UPS pays the book keeping expenses

 

[pickup]

UPS pays the book keeping expenses

I think you are correct but I think the law is forcing UPS to push the employees into the plan.

 

[IVE GOTTA PACKAGE 4U]

I think you are correct but I think the law is forcing UPS to push the employees into the plan.

Forced saving!
The horror!

 

[pickup]

Forced saving!
The horror!

A dangerous step beyond government nudging.

 

[pickup]

A dangerous step beyond government nudging.

Or government nudging following its own logical progression.

 

[UpstateNYUPSer(Ret)]

Actually I think the employee is footing the bill. The fees that Prudential charges comes from the money in the employee's non matched 401k fund.

The Company pays our 401k fees (other than those in our SMA's).

 

[pickup]

The Company pays our 401k fees (other than those in our SMA's).

Well I stand corrected.

 

[Jackburton]

The company isn't doing this because they want their employees to be responsible. They are doing it because the company has piss poor enrollment and contributions, which limits the higher income earners of the company on how much they can contribute. When you have extra income there are very few ways to keep yourself in a lower tax bracket, the 401K is one way to achieve this.