XPO | 401k Match
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The last I saw was new employees receive a 2% contribution from the company. I forget when the change happened but older employees are in the retirement savings plan (RSP) and the newly hired employees are placed in the personal savings plan (PSP)
sportsman800
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Thats why no one with a cdl already doesnt hire on here we have to train part time dockworkers to get a cdl then fill there heads full of lies then they leave
guitarman1
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I'm sure they will up it now that we are making record profits...
Then they wonder why you need a union . You can see by this how far they will go.
I had no idea that they were under 3% . Why would anyone decent come here now ?
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I think the 2% is fixed if you're in the PSP. If you're in the RSP it's a little better deal, dependant on your age and years of service.
There is no match that I know of, just a basic and transition contribution and based on years of service and age, don't know about new hires
Turn the Page
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I've been here for 8 years and 2% is all i ever got in my 401k
Songremainsthesame
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First 2 years I was there I didn't get anything, then they started the pittance 2% contribution.
You shouldn't rely on any company for your future. The pension is a non issue for most.
highspeeds
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Putting all of your money into any one investment let alone one you don't have control of is terrible advice.
Songremainsthesame
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Hell OD's retirement plan isn't much better though... they match 40% of the first 6%. The only redeeming quality is the year end discretionary deposit they put in as our profit sharing bonus. It's better than the Con-way bonus because the deposit into the 401 saves on taxes.
OD puts in a fair amount every year dont they which probably makes yall's better than most. At the almighty BIG E we only get 50 cent up to 6%.
Is that 2% of your yearly gross amount?
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Yea 2% yearly gross paid quarterly
Songremainsthesame
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It ends up being a decent amount yes. Like I said, it's the saving grace of the plan.
Stand4afuture
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Not sure where to post this. But since it has to do with saving plan's. I'll try here.
http://amp.usatoday.com/story/519761001/
http://amp.usatoday.com/story/519761001/