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Brown Cafe UPS Forum
UPS Retirement Topics
UPS doesn't match 401(k) contributions, but...
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<blockquote data-quote="beentheredonethat" data-source="post: 1863645" data-attributes="member: 4886"><p>So long as money is going into a pension I don't see UPS adding to a driver's compensation a company match for a 401K. The main issue facing UPS is the cost of a driver as compared to the cost of a driver for FDX. Besides FDX, if you look there's a lot of upstarts such as Uber that is getting into the package delivery business. Also, Amazon is doing some of their own deliveries and my guess is they will expand this further. Also there are dozens of smaller companies that deliver packages at a significantly reduced rate.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 1863645, member: 4886"] So long as money is going into a pension I don't see UPS adding to a driver's compensation a company match for a 401K. The main issue facing UPS is the cost of a driver as compared to the cost of a driver for FDX. Besides FDX, if you look there's a lot of upstarts such as Uber that is getting into the package delivery business. Also, Amazon is doing some of their own deliveries and my guess is they will expand this further. Also there are dozens of smaller companies that deliver packages at a significantly reduced rate. [/QUOTE]
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