Question about 401k match

Discussion in 'UPS Retirement Topics' started by fatthief, Dec 22, 2013.

  1. fatthief

    fatthief Member

    I start buying 401k now and didn't see any match amount from the company.
  2. Monkey Butt

    Monkey Butt Dark Prince of Double Standards Staff Member

    Unless you are management you will not.
    If management, contact HR.
  3. Jackburton

    Jackburton Gone Fish'n

    I'd imagine you'd need to be there a particular amount of time before they match, or am I wrong in that assumption?
  4. brownmonster

    brownmonster Man of Great Wisdom

    I bought 7k and the market matched about 70.
  5. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    There is no company match but they do pay the administrative costs.
  6. upschuck

    upschuck Well-Known Member

    Not all the costs, several times a year they take a tiny amount out, .1% is max, but varies according to your holdings.
  7. oldngray

    oldngray nowhere special

    if UPS had matched 401k like many other companies we wouldn't be so concerned about retirement.
  8. upschuck

    upschuck Well-Known Member

    Probably wouldn't have a pension either. Few companies have both pension and a 401(k)
  9. oldngray

    oldngray nowhere special

    I would have preferred the 401k match and manage my own money vs. trust UPS and Teamsters for a pension.
  10. upschuck

    upschuck Well-Known Member

    I would have preferred both.
  11. Monkey Butt

    Monkey Butt Dark Prince of Double Standards Staff Member

    Companies that match 401k rarely offer pensions.
    That's why they started offering 401k ... to get rid of pensions.
    I'll take pension over 401k match any day.

    Especially since I am old and gray.
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