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UPS Partners
401k match back!
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<blockquote data-quote="pretzel_man" data-source="post: 778257" data-attributes="member: 927"><p>Announcement in the morning. Strong rumors are 2.5 or better....</p><p></p><p>At some level, the escalation is a way to get people to increase their own contribution. I guess if someone deferred 3% the first year, they would get 1.5% match. Second year (at raise time), their contribution would automatically become 4% and their match is 2%. Third year, they defer 5% with a 2.5% match. Fourth year 6% with a 2.5% match.</p><p></p><p>Personally, I am all for this. In the old days, we took MIP in stock and were nearly forced to keep it there for the long term. Today, I am amazed when I give out MIP the % of people who take it all in cash. No savings at all. I'm worried about this younger generation. </p><p></p><p>Of course I understand that stock hasn't grown but by taking it in cash and spending it, it is worth zero tomorrow.</p><p></p><p>Oh well, I'm happy a match is back</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 778257, member: 927"] Announcement in the morning. Strong rumors are 2.5 or better.... At some level, the escalation is a way to get people to increase their own contribution. I guess if someone deferred 3% the first year, they would get 1.5% match. Second year (at raise time), their contribution would automatically become 4% and their match is 2%. Third year, they defer 5% with a 2.5% match. Fourth year 6% with a 2.5% match. Personally, I am all for this. In the old days, we took MIP in stock and were nearly forced to keep it there for the long term. Today, I am amazed when I give out MIP the % of people who take it all in cash. No savings at all. I'm worried about this younger generation. Of course I understand that stock hasn't grown but by taking it in cash and spending it, it is worth zero tomorrow. Oh well, I'm happy a match is back [/QUOTE]
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