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Brown Cafe UPS Forum
UPS Union Issues
Biggest scam is on all UPS hourly employees
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<blockquote data-quote="Lizzard Toungue" data-source="post: 168937" data-attributes="member: 8969"><p>I could not agree with you more Engineer 79.One thing you did not mention was the pension plan expenses.Our teamster plan from our local takes 8 percent of yearly contributions off the top. If this money was put into your 401k you would be ahead 8 percent from the start. As far as your calculations are concerned I more than believe them. I have put about 150000 dollars in IRAs and the 401k plan that now has a value over 1.2 million. People forget that this has been the best stock and bond markets over the past 25 years. As far as the pension plan goes I am for putting the money in your 401k.In our local UPS contributes 13000 per year per man. I have read the 5500 form filings and most of the plan is made up of mutual funds which you could do yourself a lot cheaper.I cant add much more because you did a very good job sumerizing our plan.</p></blockquote><p></p>
[QUOTE="Lizzard Toungue, post: 168937, member: 8969"] I could not agree with you more Engineer 79.One thing you did not mention was the pension plan expenses.Our teamster plan from our local takes 8 percent of yearly contributions off the top. If this money was put into your 401k you would be ahead 8 percent from the start. As far as your calculations are concerned I more than believe them. I have put about 150000 dollars in IRAs and the 401k plan that now has a value over 1.2 million. People forget that this has been the best stock and bond markets over the past 25 years. As far as the pension plan goes I am for putting the money in your 401k.In our local UPS contributes 13000 per year per man. I have read the 5500 form filings and most of the plan is made up of mutual funds which you could do yourself a lot cheaper.I cant add much more because you did a very good job sumerizing our plan. [/QUOTE]
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Biggest scam is on all UPS hourly employees
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