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FedEx Discussions
It Could Always Be Worse
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<blockquote data-quote="Nolimitz" data-source="post: 2483577" data-attributes="member: 43941"><p>You have to opt out. The only reason that FedEx or any other corp. matches in a 401K is to encourage the lowly peon to contribute at all. By using the match they are able to increase the % an HCE can contribute. I was once topped at 10% because I was considered an HCE at another employer. So in essence by getting the peons in the group to contribute at least 6% it actually pays the big boys to cough up a bit more so they can get around the HCE reg's</p></blockquote><p></p>
[QUOTE="Nolimitz, post: 2483577, member: 43941"] You have to opt out. The only reason that FedEx or any other corp. matches in a 401K is to encourage the lowly peon to contribute at all. By using the match they are able to increase the % an HCE can contribute. I was once topped at 10% because I was considered an HCE at another employer. So in essence by getting the peons in the group to contribute at least 6% it actually pays the big boys to cough up a bit more so they can get around the HCE reg's [/QUOTE]
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