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#1
04-26-2009, 04:49 AM
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What starts with F, ends with . . .
K and means screw your workers?
That's right, 401K. Welcome to your golden years, ya'all.
__________________
Te futueo et caballum tuum 1986 300SDL, 362K 1984 300D, 138K 
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#2
04-26-2009, 09:01 AM
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Yep, ours has been "on hold" for the last few months due to 'the economy' with a re-evaluation meeting scheduled for April 1st. Oh wait a minute, todays the 26th... and they just bought another dealership up in PA
 Guess that was the real reason they needed to withhold the contributions.
__________________
 1980 500SE/AMG Euro 1981 500SEL Euro 1982 380SEL 1983 300TD 1983 500SEC/AMG Euro 1984 500SEC 1984 300TD Euro 1986 190E 2.3-16 1986 190E 2.3 1987 300D 1997 C36 AMG 2003 C320T 4matic past: 1969 280SE 4.5 | 1978 240D | 1978 300D | 1981 300SD | 1981 300SD | 1982 300CD | 1983 300CD | 1983 300SD | 1983 380SEC | 1984 300D | 1984 300D | 1984 300TD | 1984 500SEL | 1984 300SD | 1985 300D | 1986 300E | 1986 560SEL | 1986 560SEL/Carat | 1987 560SEC | 1991 300D 2.5 | 2006 R350
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#3
04-26-2009, 10:08 AM
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And the folks willing to ax Social Security are not so vocal anymore.
__________________
1985 380SE Blue/Blue - 230,000 miles 2012 Subaru Forester 5-speed 2005 Toyota Sienna 2004 Chrysler Sebring convertible 1999 Toyota Tacoma
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#4
04-26-2009, 12:21 PM
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That was the first modification our company made when the new year started...they dropped THEIR contribution to the plan...a whole whopping 1% of YOUR contribution...
 I'm missing that like ... hell, I didn't even realize I was getting anything to begin with...sorta' like a fart in a windstorm...big deal. The real crime in the 401(k)? Your money comes out...sits in "escrow" somewhere seperate from the company's operating budgets/cash flow mechanisms (or by law, it's suppose to be set up that way), but the company gets the tax savings you realize for them due to the fact that instead of paying the matching portion on what would be your WHOLE check w/out the 401(k), they're paying the matching portion of the Federal and State taxes on your check AFTER the 401(k) deduction has been made. If I remember correctly, your FICA/Medicare taxes are on the Gross Check before the 401(k) deduction. The savings to the company is on the rest of the taxes... That's the money I would have loved to have recieved over the years...instead, my money is whatever I take from me and give to the 401(k)nuts... Hey, getting less or waiting a few extra weeks (yep, it's happened to us too) for the funds to clear the manager's fingertips is a whole lot better than having NO JOB to be able to MAKE a contribution to the plan at all... BTW, there IS a time limit for those funds sitting somewhere and not being credited to your plan...check with the fund manager and document what you send and recieve from him...and let him/her know what you're doing...that just might speed up things a little bit.
__________________
.  . M. G. Burg'10 - Dakota SXT - Daily Ride / ≈ 172.5K .'76 - 450SLC - 107.024.12 / < .89.20 K ..'77 - 280E - 123.033.12 / > 128.20 K ...'67 - El Camino - 283ci / > 207.00 K ....'75 - Yamaha - 650XS / < 21.00 K .....'87 - G20 Sportvan / > 206.00 K ......'85 - 4WINNS 160 I.O. / 140hp .......'74 - Honda CT70 / Real 125 . “I didn’t really say everything I said.” . . . . . . . . . . . . . . . . . . ~ Yogi Berra ~
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#6
04-26-2009, 02:37 PM
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I'm pulling this statistic out of my a$$, but it seems the norm for small to medium sized companies to offer 401k's. To the best of my recollection, it was never the norm for such companies to offer pensions in years past. Not a single job I had in my youth offered any form of retirement plan.
Overall, are there not more opportunities for retirement savings than when large company pensions were typical?
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#7
04-26-2009, 03:57 PM
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Indeed, the government should just untax money that we put in savings and investments, period. Then we can get rid of the middle-man.
__________________
1985 380SE Blue/Blue - 230,000 miles 2012 Subaru Forester 5-speed 2005 Toyota Sienna 2004 Chrysler Sebring convertible 1999 Toyota Tacoma
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#8
04-26-2009, 10:24 PM
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We clearly treat our employees too well at our own expense. Might have to bring that up at the next board meeting.
__________________
 1980 300TD-China Blue/Blue MBTex-2nd Owner, 107K (Alt Blau) OBK #15 '06 Chevy Tahoe Z71 (for the wife & 4 kids, current mule) '03 Honda Odyssey (son #1's ride, reluctantly) '99 GMC Suburban (255K+ miles, semi-retired mule) 21' SeaRay Seville (summer escape pod)
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#9
04-26-2009, 11:49 PM
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Quote:
__________________
2016 Corvette Stingray 2LT 1969 280SE 2023 Ram 1500 2007 Tiara 3200
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