Fdx vanguard after tax
06-20-2014, 03:06 PM
#41
Gets Weekends Off
Joined APC: Jul 2007
Position: Gear Monkey
Posts: 3,199
...Actually, since the company dropped the defined benefit plan for most all of the non-pilot employees, they have changed the 401k matching policy. It is now a full match of the first 1% you contribute plus a half match of the next 5% you contribute. So if an employee contributes 6%, the company matches with 3 1/2%. My wife is at Fedex and this is how her contribution is set up. That's an instant 58.3% return on investment before any other investment gains.
06-20-2014, 04:10 PM
#42
Gets Weekends Off
Joined APC: Jul 2006
Position: 767 Cap
Posts: 1,306
Hence, my indicating non-pilot employees who no longer have defined benefit plans. Probably doesn't apply to upper management who still have defined benefit plans, either. BTW - this change took place many years ago. The traditional defined benefit plans were stopped in 2008, if I recall correctly.
06-20-2014, 08:17 PM
#43
Gets Weekends Off
Joined APC: Jul 2007
Position: Gear Monkey
Posts: 3,199
...Hence, my indicating non-pilot employees who no longer have defined benefit plans. Probably doesn't apply to upper management who still have defined benefit plans, either. BTW - this change took place many years ago. The traditional defined benefit plans were stopped in 2008, if I recall correctly.
The way your original post was written, those non-pilot employees were the reason for the 401k change; however, it wasn't specific that the change only applied to that group.
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