Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
The Competition
FedEx Discussions
FedEx PPA Going Away
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Preventable" data-source="post: 4272399" data-attributes="member: 62934"><p>You know 401Ks generally grow too? You can't give that 4k to the PPA example then assume 0 growth in the 401k. In fact you will generally gain more than 4%. Yes you can lose your hide in the short term if you make some speculative investments, but if you can spend 10 years in the market and aren't dumb you should beat 4% 99% of the time. You will be hard pressed to select any 10 year period where the S & P 500 didn't return more than 4%, even if you bought at a peak right before a crash. </p><p></p><p>That being said yes it would be ill advised to switch to the 8% match if you are receiving an 8% comp credit, but if you get hired tomorrow and are 21 it is not a cut and dry decision. You are going to be receiving a 5% comp credit until you are ~37 years old+3.5% (8.5%) match VS the proposed 8% match. If you plan on being with FedEx for 35+ years or whatever assuming they don't yank it later anyways yes you should probably stay in the PPA. If you only plan on staying for 5-10, then there is a definite possibility you will come out ahead under the new scheme.</p><p></p><p>And if you are like me who spend 2 years part time with no pension, but utilizing 401k even better. I am not saying this isn't going to save FedEx money, but I don't think this is as devious as you guys are making it out to seem like when they took away the traditional.</p></blockquote><p></p>
[QUOTE="Preventable, post: 4272399, member: 62934"] You know 401Ks generally grow too? You can't give that 4k to the PPA example then assume 0 growth in the 401k. In fact you will generally gain more than 4%. Yes you can lose your hide in the short term if you make some speculative investments, but if you can spend 10 years in the market and aren't dumb you should beat 4% 99% of the time. You will be hard pressed to select any 10 year period where the S & P 500 didn't return more than 4%, even if you bought at a peak right before a crash. That being said yes it would be ill advised to switch to the 8% match if you are receiving an 8% comp credit, but if you get hired tomorrow and are 21 it is not a cut and dry decision. You are going to be receiving a 5% comp credit until you are ~37 years old+3.5% (8.5%) match VS the proposed 8% match. If you plan on being with FedEx for 35+ years or whatever assuming they don't yank it later anyways yes you should probably stay in the PPA. If you only plan on staying for 5-10, then there is a definite possibility you will come out ahead under the new scheme. And if you are like me who spend 2 years part time with no pension, but utilizing 401k even better. I am not saying this isn't going to save FedEx money, but I don't think this is as devious as you guys are making it out to seem like when they took away the traditional. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
The Competition
FedEx Discussions
FedEx PPA Going Away
Top