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How to get out of Teamsters 401k
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 980624" data-attributes="member: 12570"><p>I am not familiar with that plan so I did some research. It is available to UPS employees in certain subsidiaries (not package) and is composed entirely of UPS stock A. Rollovers are allowed from the 401k to the Savings Plan. Distributions from the plan are subject to immediate taxation (withheld prior to disbursement). The Plan offers an employer match of up to a 3% contribution rate.</p><p></p><p>I guess this would be a way to get around the withdrawal process but you would still lose money by doing so.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 980624, member: 12570"] I am not familiar with that plan so I did some research. It is available to UPS employees in certain subsidiaries (not package) and is composed entirely of UPS stock A. Rollovers are allowed from the 401k to the Savings Plan. Distributions from the plan are subject to immediate taxation (withheld prior to disbursement). The Plan offers an employer match of up to a 3% contribution rate. I guess this would be a way to get around the withdrawal process but you would still lose money by doing so. [/QUOTE]
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How to get out of Teamsters 401k
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