Hello, all. Can anyone inform me of the specifics of the Fed Ex retirement plan?
I know it includes an A-fund retirement annuity, a six-percent B-fund lump sum benefit and a 401(k) plan with company matching up to $500.
Ok, that's all great, but what does it mean? What is an A-fund? Six-percent of what in the B-fund...and what is a B-fund? The only part of this plan I understand is the 401(k), but when does the company match $500 -- monthly? What percentage of our gross pay can pilots invest, etc. etc.
Confused...
I know it includes an A-fund retirement annuity, a six-percent B-fund lump sum benefit and a 401(k) plan with company matching up to $500.
Ok, that's all great, but what does it mean? What is an A-fund? Six-percent of what in the B-fund...and what is a B-fund? The only part of this plan I understand is the 401(k), but when does the company match $500 -- monthly? What percentage of our gross pay can pilots invest, etc. etc.
Confused...