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Brown Cafe UPS Forum
UPS Retirement Topics
401K non-discrimination testing
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<blockquote data-quote="squeekywheel" data-source="post: 83452" data-attributes="member: 4999"><p>I received as well and was very disappointed.<img src="/community/styles/default/xenforo/smilies/group1/sad.gif" class="smilie" loading="lazy" alt=":sad:" title="Sad :sad:" data-shortname=":sad:" /></p><p></p><p>Looking around on the web yielded some info on how UPS could have avoided the problem (checkout <a href="https://web.archive.org/web/20060206054402/http://www.mhco.com/Commentary/2004/SafeHarbor401kfor2005_111104.htm" target="_blank">https://web.archive.org/web/20060206054402/http://www.mhco.com/Commentary/2004/SafeHarbor401kfor2005_111104.htm</a>)</p><p></p><p>As I read it, a safe-harbor 401K plan will never fail the ADP test. The main difference between the current UPS plan and a safe-harbor plan is a 50% company match on contributions between 3% and 5%.</p><p></p><p>If concerned, please contact HR and/or Atlanta.</p><p></p><p>The company has encouraged us to plan for our retirement using the 401K plan. Lets encourage UPS to structure the 401K plan to be of the most use to us.</p></blockquote><p></p>
[QUOTE="squeekywheel, post: 83452, member: 4999"] I received as well and was very disappointed.:sad: Looking around on the web yielded some info on how UPS could have avoided the problem (checkout [url]https://web.archive.org/web/20060206054402/http://www.mhco.com/Commentary/2004/SafeHarbor401kfor2005_111104.htm[/url]) As I read it, a safe-harbor 401K plan will never fail the ADP test. The main difference between the current UPS plan and a safe-harbor plan is a 50% company match on contributions between 3% and 5%. If concerned, please contact HR and/or Atlanta. The company has encouraged us to plan for our retirement using the 401K plan. Lets encourage UPS to structure the 401K plan to be of the most use to us. [/QUOTE]
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