Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 07-19-2008, 08:07 AM   #21
Thinks s/he gets paid by the post
2B's Avatar
 
Join Date: Mar 2006
Location: Houston
Posts: 4,330
I get a "profit sharing" contribution once per year into my 401k. It isn't a match because you don't need to contribute to get the payment. It runs between 4.75 and 5.00% - at least for the last 3 years. The company is making a massive profit these days.

We have a SEPP plan for us "high level" employees. I'm a grunt and am proud of it. The SEPP plan contributes 8% of whatever I contribute. It has a 5 year vesting period so I don't expect to collect any of it. I haven't read the plan literature carefully but their may be a "retirement vesting" clause. The whole point of the SEPP is to discourage me from leaving the company but it won't have any impact when the time comes.
__________________

__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
2B is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-19-2008, 09:09 AM   #22
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,146
We still have a defined benefit pension plan and a 50/100 match on the first 5% in the 401(k). The parent companies did away with their defined benefit pension plan years ago and every year are expectations that ours will go that way as well.
__________________

__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Now it's adventure before dementia
Alan is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
401k pre-tax contributions no more?!? hova22 Young Dreamers 4 04-24-2008 12:30 PM
After-tax contributions to 401k? igsoy FIRE and Money 26 01-09-2008 04:09 PM
401K catch-up contributions? plattj1 FIRE and Money 8 10-13-2006 05:21 PM
401k contributions help? robls Other topics 2 09-30-2003 09:49 AM
Non-deductible 401k contributions friendlygirl FIRE and Money 3 07-01-2002 11:01 AM

 

 
All times are GMT -6. The time now is 09:35 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.