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FedEx Discussions
FedEx Portable Pension Plan Sucks vs. UPS Plan
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<blockquote data-quote="MrFedEx" data-source="post: 319410" data-attributes="member: 12508"><p>All I'm saying is that if Fred gave you $11.00 on a $17.00 contribution you're getting way more than 6% from FedEx, pre-tax or not. What I try to impress on FedEx employees is that no matter what you're contributing to your 401k, you're still getting shafted because FedEx has basically walked away from it's retirement program and made it mostly employee-funded. An employer-subsidized 401k program is great, but it isn't a substitute for a bona fide retirement plan. We are not just being screwed, we are being screwed royally.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 319410, member: 12508"] All I'm saying is that if Fred gave you $11.00 on a $17.00 contribution you're getting way more than 6% from FedEx, pre-tax or not. What I try to impress on FedEx employees is that no matter what you're contributing to your 401k, you're still getting shafted because FedEx has basically walked away from it's retirement program and made it mostly employee-funded. An employer-subsidized 401k program is great, but it isn't a substitute for a bona fide retirement plan. We are not just being screwed, we are being screwed royally. [/QUOTE]
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FedEx Portable Pension Plan Sucks vs. UPS Plan
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