With the ill-received change to the 401k employer contribution*, I wonder how many people are waiting to retire at the first of the year so that they can get the 2025 contribution.
14 replies (most recent on top)
@tg meaning they max out at 3% match? That's how I read it but hoping I read it wrong. TSYS is currently getting 5% match on 6% contribution.
@OP So for this year, our deferred employer contributions could have made 16% YTD and 22% for the last 6 months based on S&P 500. But nope. We missed that
@kr 50% match up to 6% of your eligible pay
@ny I'm really not that excited anymore. I was optimistic that it couldn't get much worse than what it's been like under the Global Payments umbrella, but after reading this page I see McKinsey has been tearing y'all to pieces at the same time they have us. Seems like a lot of the same cr-p either way!
"TSYS team member here. This page isn't making me feel great about joing the FIS team!"
you shouldn't feel great about joining FIS
@f9 oh snap! They used to match per pay period (15/30th of month), but now it’s a yearly contribution that isn’t paid out until march of 2026? It’s cus they knew they were doing major layoffs so they changed it to save $. The health insurance is rumored to go up as well. Uggh… it’s going downhill.
@js what % is the match?
@f9 2 words. 'dumpster fire'.
@hc - We do not get the match until March/April? That stinks.
You have to be employed at year end to get the contribution, so if you retire 1/2 you should still get full 2025 match
@f9 instead of FIS making its contribution to the 401k with each paycheck - they will all be made in one lump sum March/April.
I wonder if we will even get that contribution if we stay...
What changes are they making to the employer contribution? Incoming (hopefully) TSYS team member here. This page isn't making me feel great about joing the FIS team! 😂
I think you are spot on!