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FedEx PPA Going Away
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<blockquote data-quote="vantexan" data-source="post: 4272408" data-attributes="member: 24302"><p>They certainly do grow in favorable conditions. But if you switch to the 401k only option you are just getting a 4.5% match over what you would get anyways with the old plan, and you completely give up the company paid PPP. Either way it's not nearly as good a deal as the traditional. Speaking of which, we were given a choice to stay in the traditional or switch to the new PPP. They went to great lengths to convince us how wonderful the new plan was. Those that took the bait weren't give the extra compensation credits for 5 years like those of us who were forced into the new plan were given. Now the company is giving a choice again. You might want to wait to see if they force you into the new plan down the road instead of jumping into it now. Might cost you thousands in compensation that they don't give to those who freely take the new plan. Wouldn't surprise me at all if the company feels enough time has gone by since 2008 and the couriers who were affected then are mostly gone.</p></blockquote><p></p>
[QUOTE="vantexan, post: 4272408, member: 24302"] They certainly do grow in favorable conditions. But if you switch to the 401k only option you are just getting a 4.5% match over what you would get anyways with the old plan, and you completely give up the company paid PPP. Either way it's not nearly as good a deal as the traditional. Speaking of which, we were given a choice to stay in the traditional or switch to the new PPP. They went to great lengths to convince us how wonderful the new plan was. Those that took the bait weren't give the extra compensation credits for 5 years like those of us who were forced into the new plan were given. Now the company is giving a choice again. You might want to wait to see if they force you into the new plan down the road instead of jumping into it now. Might cost you thousands in compensation that they don't give to those who freely take the new plan. Wouldn't surprise me at all if the company feels enough time has gone by since 2008 and the couriers who were affected then are mostly gone. [/QUOTE]
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