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Brown Cafe UPS Forum
UPS Retirement Topics
401K non-discrimination testing
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<blockquote data-quote="twowheeled" data-source="post: 83512" data-attributes="member: 4997"><p><span style="font-size: 12px">Like Wiley and Squeeky said, This is some sort of fairness thing. It seems that, it depends on how much lower paid workers decide to pay into the 401K. If the typical 22 year old is not of the same mind set as a 40-50 year old, setting money into a 401K for retirement, then the limits are lowered on the maximum contributions into your 401K. </span></p><p> </p><p><span style="font-size: 12px">Like Squeeky said, UPS can make 3-5% contributions which should solve this, but I just don't see UPS doing that. I think we're going to get more talk on this. If you made more than 80K last year, I think your affected (infected). This will be next year and every year after also. <img src="/community/styles/default/xenforo/smilies/group1/mad.gif" class="smilie" loading="lazy" alt=":mad:" title="Mad :mad:" data-shortname=":mad:" /> </span></p></blockquote><p></p>
[QUOTE="twowheeled, post: 83512, member: 4997"] [SIZE=3]Like Wiley and Squeeky said, This is some sort of fairness thing. It seems that, it depends on how much lower paid workers decide to pay into the 401K. If the typical 22 year old is not of the same mind set as a 40-50 year old, setting money into a 401K for retirement, then the limits are lowered on the maximum contributions into your 401K. [/SIZE] [SIZE=3][/SIZE] [SIZE=3]Like Squeeky said, UPS can make 3-5% contributions which should solve this, but I just don't see UPS doing that. I think we're going to get more talk on this. If you made more than 80K last year, I think your affected (infected). This will be next year and every year after also. :mad: [/SIZE] [/QUOTE]
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