Thread regarding Dean Foods Co. layoffs

Deferred Compensation - Are you kidding me?

Today the tone-deaf HR leadership of Dean sends a note advising employees that they have the option of deferring a portion of their 2019 STI bonus.

Fascinating bit of news since there are many, many dean foods employees who had deferred comp pre-filing that is now gone. Gone! If you take a look at the claims filed (its public information now), some employees are out hundreds of thousands of dollars. They trusted the company to keep money they earned safe.

These plans are not held in trust by a secure 3rd party (like 401ks). Why would anyone trust the money will be there "this time"??

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| 1021 views | | 2 replies (last February 10, 2020) | Reply
Post ID: @OP+13raMdjS

2 replies (most recent on top)

Haha, as the other comment notes they give this notification / option every year so that people can adjust their 401K options on their STI check to get more/less moved into their 401K. Nothing crazy going on here.

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Post ID: @hjt+13raMdjS

I'm pretty sure they're asking if you wanted to defer it into your 401K...

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Post ID: @wsl+13raMdjS

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