Raydog2017
Member
Why would I get a packet in mail today about 401k plans when I havent been trained yet or hired in full time??
Why would I get a packet in mail today about 401k plans when I havent been trained yet or hired in full time??
Never too early to startWhy would I get a packet in mail today about 401k plans when I havent been trained yet or hired in full time??
I guess I would think they would wait til I was hopefully hired in after the holidays....Im a seasonal driver and have yet to get any on the road training yet beside one ride along two weeks ago.You can, and should, contribute to your 401K as a part-timer. Read The Bogleheads' Guide to Investing for a good primer.
Here at UPS, our philosophy is prepared now for tomorrow. We hope you will read through our provided material and invest wisely.Why would I get a packet in mail today about 401k plans when I havent been trained yet or hired in full time??
“We auto enroll all new hires for their benefit, it’s good to save for retirement, no matter your personal situation” - HCEHere at UPS, our philosophy is prepared now for tomorrow. We hope you will read through our provided material and invest wisely.
“We auto enroll all new hires for their benefit, it’s good to save for retirement, no matter your personal situation” - HCE
Only like 18 trillion dollars in debt...yeah I trust them with MY money.Translation: your government knows how to use your money better than you do.
Actually, highly compensated employees of a company are limited to contributing even further than the standard limit (18k this year) by the amount of lower compensated employees participation in said 401k. So by auto enrolling every newly hired employee, we can get that number up so we meet the participation limit that allows us to max it out.Translation: your government knows how to use your money better than you do.
Unless you’re in bonds, you’re not investing in anything the government controls directly.Only like 18 trillion dollars in debt...yeah I trust them with MY money.
Or just read Upstate's posts.You can, and should, contribute to your 401K as a part-timer. Read The Bogleheads' Guide to Investing for a good primer.
It's a scam. Cancel it now and just buy lottery tickets.
Well- that's not very nice. Lol.Trailer park retirement plan.
Actually, highly compensated employees of a company are limited to contributing even further than the standard limit (18k this year) by the amount of lower compensated employees participation in said 401k. So by auto enrolling every newly hired employee, we can get that number up so we meet the participation limit that allows us to max it out.
UPS doesn’t do this so the original poster , even if he contacts Prudential and puts a stop to this is probably going to see 2 percent taken from two paychecks and put into a 401k program that he is going to get kicked out of once his seasonal employment most likely ends and then he is going to be given the option of rolling it over into an IRA or other 401k or take the check of approximately 45 dollars with federal withholding plus a ten percent penalty.