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<blockquote data-quote="BootsOnTarmac" data-source="post: 2980294" data-attributes="member: 63054">I want to add some clarity to what FedEx Express offers to current employees (info not including the Traditional plan).You have a:&nbsp; FedEx Corporation Employees&#039; Pension Plan, Aka: PPAYou can look at your &quot;Current PPA Balance&quot; at: retirement.fedex.comThis is separate from your: Company Sponsored 401(k) PlanThe PPA Balance is money that is yours solely funded by FedEx and available 100% to you after you are vested.If you quit FedEx after 3,4,10,15 years, whatever, depending on retirement age, it will be paid out as an annuity or rolled over into an IRA or face an IRS penalty for cash withdrawal.The 401K is simply a Company Sponsored Plan that deducts before tax dollars from your paycheck that you decide how much (%). This money along with a company (FedEx) match is put into investments controlled by Vanguard and available to you once vested.You can choose to not invest in the 401k, borrow money invested or use it for a first time new home or withdraw it with an IRS penalty.I urge everyone working at FedEx to go to: retirement.fedex.comYou will see what you have accumulated in your Traditional Plan, PPA and 401k, plain and simple.&nbsp;</blockquote>

[QUOTE="BootsOnTarmac, post: 2980294, member: 63054"] I want to add some clarity to what FedEx Express offers to current employees (info not including the Traditional plan). You have a: FedEx Corporation Employees' Pension Plan, Aka: PPA You can look at your "Current PPA Balance" at: retirement.fedex.com This is separate from your: [B]Company Sponsored 401(k) Plan [/B] The PPA Balance is money that is yours solely funded by FedEx and available 100% to you after you are vested. If you quit FedEx after 3,4,10,15 years, whatever, depending on retirement age, it will be paid out as an annuity or rolled over into an IRA or face an IRS penalty for cash withdrawal. The 401K is simply a Company Sponsored Plan that deducts before tax dollars from your paycheck that you decide how much (%). This money along with a company (FedEx) match is put into investments controlled by Vanguard and available to you once vested. You can choose to not invest in the 401k, borrow money invested or use it for a first time new home or withdraw it with an IRS penalty. I urge everyone working at FedEx to go to: retirement.fedex.com You will see what you have accumulated in your Traditional Plan, PPA and 401k, plain and simple. [B] [/B] [/QUOTE]

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