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401k packet
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<blockquote data-quote="pickup" data-source="post: 3175896"><p>All nice and good but the company also has the legal responsibility to inform the newly hired employees way before the actual enrollment takes place in order to give enough time to opt out if they so desire. </p><p></p><p> 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.</p><p></p><p>Ups should follow the law and tell these guys way up front it is going to happen and give them a chance to opt out if they so desire as is their right.</p></blockquote><p></p>
[QUOTE="pickup, post: 3175896"] All nice and good but the company also has the legal responsibility to inform the newly hired employees way before the actual enrollment takes place in order to give enough time to opt out if they so desire. 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. Ups should follow the law and tell these guys way up front it is going to happen and give them a chance to opt out if they so desire as is their right. [/QUOTE]
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