UpstateNYUPSer(Ret)
Well-Known Member
UPS pays the administrative fee(s) for having the account. Investment fees vary depending upon which fund(s) you choose but are minimal and more than offset by the tax write off.
www.retirement.prudential.com
401k
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UPS pays the administrative fee(s) for having the account. Investment fees vary depending upon which fund(s) you choose but are minimal and more than offset by the tax write off.
www.retirement.prudential.com
The are about as low as you can go
Seriously compared to other fund families they are still low
DriveInDriveOut
Inordinately Right
The hookers claim the same thing.
Will have to give this more consideration.
Money in the 401k won't make your D* turn green...
Brisket
Well-Known Member
Oops sorry that's who I was actually meaning to say that to...
badpal
Well-Known Member
I heard a rumor a year or two back that all new fulltime hourlys would be automatically enrolled. Is there any truth to that? If so I bet in 20 years UPS is out of the pension business for those hired in the future.
DriveInDriveOut
Inordinately Right
All new employees are enrolled automatically, and even though they didn't bother to tell me first, apparently all employees going from pt to ft too. You can cancel it though it's not mandatory.
I don't think the union is going to give up control of the pension money, but I don't know a lot about that racket.
DriveInDriveOut
Inordinately Right
What do you recommend if not the bright horizon?
I mean I see on there the expense ratio is lower with the S&P and the performance looks better but I guess they're more volatile too? I don't know anything about this garbage....
3 done 3 to go
In control of own destiny
??!
UpstateNYUPSer(Ret)
Well-Known Member
You might want to wear a surgical glove before you swipe it (down there).
3 done 3 to go
In control of own destiny
Mine has a chip. Does it say when to pull out
Brisket
Well-Known Member
In this electronic age , probably.
Brownslave688
You want a toe? I can get you a toe.
Your best bet is index funds then. S&P small cap and mid cap Russell 2000. The REIT fund has been killing it I think.
If we could all consistently beat the broader market we wouldn't be truck drivers.
The fees on the index funds are unbeatable on the open market.
CentralSup
Well-Known Member
I voted on all three options.
The Driver
I drive.
Use the index funds in the plan. 0.01%, 0.02%, 0.03% etc. That's what I'm doing. Currently at 6.84% growth for the year. It's a no brainer, dude.
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