Thread regarding Wells Fargo & Co. layoffs

401k

Would have been nice getting our 401k match quarterly as we could have taken advantage of this runup in stock prices.

Thanks Chuckles the Clown

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| 1334 views | | 8 replies (last December 15, 2023) | Reply
Post ID: @OP+1q4GCV1g

8 replies (most recent on top)

BofA also switched from more frequent contributions (monthly?) with vesting logic, to the once a year contribution we see at WF now.

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Post ID: @1wym+1q4GCV1g

Just cuz your 6 percent is paltry, don’t group the rest of us with you pitiful salary.

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Post ID: @1nnk+1q4GCV1g

@ffd+1q4GCV1g Naysayers don’t want your facts. They want to live in their pity party world.

Why the few 401k complainers on this board would let a tiny percentage of 6% of their paltry salary generate so much angst and instability in their world is beyond me.

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Post ID: @lha+1q4GCV1g

It actually worked out well last year though when the market was down. So don't cherry pick

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Post ID: @ffd+1q4GCV1g

They just can’t keep their grubby fingers out of our 401ks. They’ve been caught in the past steering us into products that generate kickbacks to them. Now this cynical segue into an annual match. F’ing creeps.

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Post ID: @fvq+1q4GCV1g

Another way to average down and catch the dividends quarterly and get the compounding is to get into the ESOP as part of your 401k contributions.

Maybe a friendly voice on this board but happy holidays nonetheless.

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Post ID: @csz+1q4GCV1g

hasnt it always been this way?!?! No Charlies fault.

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Post ID: @ovk+1q4GCV1g

Well that wouldn’t make money for the executives, now would it

Think of all the money the and shareholders get by laying off all those people and not having to distribute their match!

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Post ID: @vph+1q4GCV1g

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