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Brown Cafe UPS Forum
UPS Retirement Topics
Retirement...contract talks
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<blockquote data-quote="Brownslave688" data-source="post: 2216013" data-attributes="member: 34439"><p>This has all been covered in this thread but I'll type it 1 more time and hope that you slow down and read and comprehend it this time. </p><p></p><p></p><p>I only mentioned my wife's situation because you seemed to be confused about contribution limits. I was not comparing it to ups in any way shape or form. </p><p></p><p>Now the math that will hopefully lead to you understanding a 401k match. </p><p></p><p>You make 100k a year and contribute 6% to your 401k. A 6% match means the company would match 100% of that 6% that you put in. So you would put in 6k and they would put in 6k. This means the higher your salary the more money a company contributes on your behalf.</p></blockquote><p></p>
[QUOTE="Brownslave688, post: 2216013, member: 34439"] This has all been covered in this thread but I'll type it 1 more time and hope that you slow down and read and comprehend it this time. I only mentioned my wife's situation because you seemed to be confused about contribution limits. I was not comparing it to ups in any way shape or form. Now the math that will hopefully lead to you understanding a 401k match. You make 100k a year and contribute 6% to your 401k. A 6% match means the company would match 100% of that 6% that you put in. So you would put in 6k and they would put in 6k. This means the higher your salary the more money a company contributes on your behalf. [/QUOTE]
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