Eric Zeemen
TB Lurker
- Credits
- 10
You speak for yourself - you speak for "me" not "we"We make plenty of money. Waiting on a better 401k match.
Brad ?Well, I’m not speaking for anyone but myself. However every one would always take more money if given to them but how much harder are you willing to work for it? The wage in this industry is a good living if you are good with math and discipline. You would be incorrect on the 401 the max match is 4% no matter how much you put in. I would like to make more from the money they pay us currently.
You can call me educated.
It's not a match , it's a contribution. You don't have to put anything in to receive your 4%.I gave a simple fact that he cannot dispute. 4% is the max match no matter how much you contribute. We do make a prevailing wage and yes we do work hard long hours for it. Do we deserve more to stay competitive with competition? That’s for them to decide if they can retain employees. Those are facts they can call me whoever they want me to be.
Finally we agree, but the contribution is 3% with no contribution and 4% with us putting in at least 6%. I agree we are way behind on retirement contributions from all LTL companies. This is why I say they need to concentrate on retirement benefits.It's not a match , it's a contribution. You don't have to put anything in to receive your 4%.
A match would require a contribution from you.
In general , as there's been a push for more money as living expenses rise , things like retirement have been overlooked and/or ignored.
There's a website that I posted awhile ago that grades company retirement plans. I can't imagine that XPO's is highly ranked. Among other LTL's , XPO is probably bringing up the rear too. I recall seeing FedEx Freight have a contribution to their 401k go as high as 8% in certain situations.
I forgot to add there are at least two retirement plans for the drivers , a legacy plan for those here before 2011 and those hired after 2011. Each one has it's different set of rules and savings rates.Finally we agree, but the contribution is 3% with no contribution and 4% with us putting in at least 6%. I agree we are way behind on retirement contributions from all LTL companies. This is why I say they need to concentrate on retirement benefits.
If your ok with it that’s all that counts. A bunch of us think there’s much room for improvement. We agree the 401 k is lacking at best. Xpo driver deserve much better.I gave a simple fact that he cannot dispute. 4% is the max match no matter how much you contribute. We do make a prevailing wage and yes we do work hard long hours for it. Do we deserve more to stay competitive with competition? That’s for them to decide if they can retain employees. Those are facts they can call me whoever they want me to be.
They certainly do.Finally we agree, but the contribution is 3% with no contribution and 4% with us putting in at least 6%. I agree we are way behind on retirement contributions from all LTL companies. This is why I say they need to concentrate on retirement benefits.
You would be incorrect on the 401 the max match is 4% no matter how much you put in.
unless you were hired before 2011 you are wrong. Go up and read post #17. You MUST put in atleast %5 to get the 4%.I gave a simple fact that he cannot dispute. 4% is the max match no matter how much you contribute.
You can call me educated.
Most forget to add which plan they fall under. To get this discussion straight post if you were hired before or after 2011I forgot to add there are at least two retirement plans for the drivers , a legacy plan for those here before 2011 and those hired after 2011. Each one has it's different set of rules and savings rates.
Commercial Drivers in general are behind on their pay.Cripes! UPS is over $40hr?
That's a solid +$10hr over damn near everyone!