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UPS Retirement Topics
The 25 Worst 401(k) Plans
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<blockquote data-quote="MrFedEx" data-source="post: 675013" data-attributes="member: 12508"><p>The FedEx 401k Plan is administered by Vanguard, which has a wide variety of choices and also highly-rated. If any of you ever listen to Bob Brinker, you'll know how much he thinks of them and their low fund management costs.</p><p> </p><p>That said, I'm guessing FedEx fares poorly because their match absolutely sucks (when it even exists) and not very many employees participate. Wanna know why? Because they can't afford to do so on their skimpy wages. You can't contribute the 15% maximum per week into the plan if you're living paycheck-to-paycheck, so the advantages of having various Vanguard funds from which to choose is mitigated by the fact that you probably have little money with which to invest.</p><p> </p><p>It's all about disposable income, and when you struggle to hit $50,000 per year at the new FedEx, a 401k is a luxury many cannot afford, even if it's silly not to participate and make some tax-free (for now) money and reduce your obligation to the IRS. When you're making $75,000-plus, it's easier to make smart investment decisions.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 675013, member: 12508"] The FedEx 401k Plan is administered by Vanguard, which has a wide variety of choices and also highly-rated. If any of you ever listen to Bob Brinker, you'll know how much he thinks of them and their low fund management costs. That said, I'm guessing FedEx fares poorly because their match absolutely sucks (when it even exists) and not very many employees participate. Wanna know why? Because they can't afford to do so on their skimpy wages. You can't contribute the 15% maximum per week into the plan if you're living paycheck-to-paycheck, so the advantages of having various Vanguard funds from which to choose is mitigated by the fact that you probably have little money with which to invest. It's all about disposable income, and when you struggle to hit $50,000 per year at the new FedEx, a 401k is a luxury many cannot afford, even if it's silly not to participate and make some tax-free (for now) money and reduce your obligation to the IRS. When you're making $75,000-plus, it's easier to make smart investment decisions. [/QUOTE]
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