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This interpretation of 401k match language would make DBG very proud (pic)
| Soul-stirring institution boiling water | 04/24/24 |
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| comical center | 04/24/24 |
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| thriller brilliant resort | 04/24/24 |
| big drunken nursing home | 04/24/24 |
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| Soul-stirring institution boiling water | 04/24/24 |
| Mewling Rose Internal Respiration | 04/24/24 |
| bossy elastic band | 04/24/24 |
| french 180 filthpig | 04/24/24 |
| bossy elastic band | 04/24/24 |
| irradiated senate | 04/24/24 |
| thriller brilliant resort | 04/24/24 |
| Peach kitty cat famous landscape painting | 04/24/24 |
| bossy elastic band | 04/24/24 |
| thriller brilliant resort | 04/24/24 |
| Massive exhilarant windowlicker | 04/25/24 |
| thriller brilliant resort | 04/25/24 |
| Vivacious Flushed Liquid Oxygen | 04/24/24 |
| fantasy-prone area | 04/25/24 |
| french 180 filthpig | 04/24/24 |
| Tripping Cracking Organic Girlfriend | 04/24/24 |
| slippery faggot firefighter | 04/24/24 |
| pontificating ruby stage | 04/24/24 |
| bossy elastic band | 04/25/24 |
| bossy elastic band | 04/24/24 |
| thriller brilliant resort | 04/25/24 |
| bossy elastic band | 04/25/24 |
| thriller brilliant resort | 04/25/24 |
| bossy elastic band | 04/25/24 |
| spectacular shimmering masturbator crackhouse | 04/25/24 |
| Learning disabled garnet office | 04/25/24 |
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| Razzle-dazzle pale space regret | 04/25/24 |
| irradiated senate | 04/25/24 |
| swashbuckling offensive genital piercing chapel | 04/25/24 |
| fantasy-prone area | 04/25/24 |
| Soul-stirring institution boiling water | 04/25/24 |
| flickering emerald tank deer antler | 04/25/24 |
Poast new message in this thread
Date: April 24th, 2024 9:04 PM Author: Soul-stirring institution boiling water https://pbs.twimg.com/media/GL7ixUpW8AANjEb?format=jpg&name=large (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607905) |
Date: April 24th, 2024 9:05 PM Author: Snowy stimulating base coffee pot Smart! (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607907) |
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Date: April 24th, 2024 9:07 PM Author: Bearded silver corner (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607908) |
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Date: April 24th, 2024 9:09 PM Author: Maroon painfully honest cruise ship lmao (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607911) |
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Date: April 24th, 2024 9:10 PM Author: Diverse Parlor Alpha lmao (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607912) |
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Date: April 24th, 2024 9:10 PM Author: comical center (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607913) |
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Date: April 24th, 2024 9:11 PM Author: zippy fragrant boltzmann theater (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607920) |
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Date: April 24th, 2024 9:14 PM Author: thriller brilliant resort I don't see any other interpretation (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607929) |
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Date: April 24th, 2024 9:57 PM Author: big drunken nursing home cr. OP is retarded for poasting this (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607970) |
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Date: April 25th, 2024 4:36 PM Author: fantasy-prone area (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47609654) |
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Date: April 24th, 2024 9:15 PM Author: Soul-stirring institution boiling water (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607934) |
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Date: April 24th, 2024 10:02 PM Author: Mewling Rose Internal Respiration With a 5 year vesting schedule (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607978) |
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Date: April 24th, 2024 10:04 PM Author: bossy elastic band How much is their HR team freaking out right now?
I'd think plausibly they facing a lawsuit where they probably owe 3% of everyone's wages for a few years? |
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Date: April 24th, 2024 10:07 PM Author: french 180 filthpig the hr team? not at all the innumerate and/or illiterate shitlawyer and union reps who negotiated a “match” of 3% of the first 6% for their clients, otoh… |
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Date: April 24th, 2024 10:10 PM Author: bossy elastic band I think its at best a scriveners error and at worse fraud.
I really doubt a judge is going to go "Yeah it was totally chill for the company to mimic standard language but twist it to only pay people 1/20th what a reasonable worker would assume based on industry standards without fully disclosing the diffference." |
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Date: April 24th, 2024 10:19 PM Author: irradiated senate (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608025) |
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Date: April 24th, 2024 10:29 PM Author: thriller brilliant resort Does a typical CBA have an integration clause and mutual drafting clause? If so, why would a judge do anything but look at what it says?
Do we have a labor lawyer in the house? |
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Date: April 24th, 2024 10:33 PM Author: Peach kitty cat famous landscape painting One weird trick. (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608080) |
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Date: April 24th, 2024 10:44 PM Author: bossy elastic band Why would you need a labor attorney?
99.9% of companies offer something similar to a 50% match of an employees contributions up to 6% of their salary. They're clearly using an industry term and there was an error in drafting.
If this was truly their intent, and the company's attorney wasn't a full blown moron, then the next line has to say "By way of example, if an an employee makes $100,000 and contributes $6,000 to their 401k, employer will contribute $180.00 to the 401k. |
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Date: April 24th, 2024 11:09 PM Author: thriller brilliant resort What difference does it make what industry standard terms are? Parties aren't required to used industry standard terms. The language quoted by the Redditor is perfectly intelligible, and it doesn't provide for a match capped based on compensation. (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608170) |
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Date: April 25th, 2024 12:20 AM Author: Massive exhilarant windowlicker it's not the indemnity section of a purchase agreement reviewed separately by 30 different lawyers. it doesn't benefit society to have employees look out for gotcha language in 99% boilerplate 401k agreements that they sign during orientation
ski resort sneaks in "we have the right to fuck your wife at any time" in 6 font in the waiver |
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Date: April 25th, 2024 12:34 AM Author: thriller brilliant resort It's a CBA. It was negotiated by the union, not just imposed on the employees (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608268) |
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Date: April 24th, 2024 10:30 PM Author: Vivacious Flushed Liquid Oxygen (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608066) |
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Date: April 25th, 2024 4:37 PM Author: fantasy-prone area How dumb are you, bro? The sentence only has one reasonable meaning. (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47609658) |
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Date: April 24th, 2024 10:05 PM Author: french 180 filthpig lmao (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607991) |
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Date: April 24th, 2024 11:38 PM Author: Tripping Cracking Organic Girlfriend i can't read this in a way that makes the company's version true. (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608200) |
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Date: April 24th, 2024 11:53 PM Author: slippery faggot firefighter employee contribution - $79.30 the "first 6%" of that contribution - $4.76 company matches 50% of that 6% - $2.38 |
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Date: April 24th, 2024 11:57 PM Author: pontificating ruby stage (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608224) |
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Date: April 25th, 2024 12:00 AM Author: bossy elastic band See below.
Your math renders the entire formula moot.
It'd be like if you wrote a contract saying, "Buyer will be able to achieve an earnout equal to 1/2 times 1/4 divided by 6 times 11 multiplied by the 2026 revenue."
Why would you write it so stupidly? |
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Date: April 24th, 2024 11:55 PM Author: bossy elastic band Yeah - if we're pretending to be a law board - there's no logical reason to phrase it that they'll match 50% of the first 6% of your contributions - it's a pretty nonsensical structure. Why not just say they'll match the first 3% of the actual money you put into your account?
There's no logical reason to have the 50% of the 6% if they both refer to contributions...
It's clearly ambiguous and you look to what this phrasing means within the industry and its obvious that the intent is that they'll match 50% of your contributions up to 6% of your salary. |
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Date: April 25th, 2024 12:10 AM Author: thriller brilliant resort It's not at all ambiguous. It clearly means 3% of the amount contributed (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608244) |
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Date: April 25th, 2024 12:37 PM Author: bossy elastic band Then why did they not write 3% instead of saying 50% of 6%? (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608842) |
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Date: April 25th, 2024 12:40 PM Author: thriller brilliant resort What difference does it make? Contractual language isn't rendered ambiguous simply on account of there being a clearer and more succinct way to express the same meaning. (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608846) |
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Date: April 25th, 2024 8:54 PM Author: bossy elastic band Because your reading of it relies on the contract being drafted with multiple fraction as a math equation, which probably 0.00001% of all contracts in history have been drafted with such stupidity, and my interpretation aligns it with probably 30-60% of all similar 401k match programs.
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Date: April 25th, 2024 12:50 PM Author: spectacular shimmering masturbator crackhouse Subject: and then one day, for no reason at all because good kikesmanship requires plausibly deniable deceit
normies will read that as 3% of your compensation (or 50% of your contribution), not 3% "on the first 6% of [your] contributions.", i.e., 3% of 0.06*paycheck. In other words, it's tricky wording to masquerade the order of operations. Half of 6% applied to your (((contribution))), rather than half of 6% applied to your compensation. |
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Date: April 25th, 2024 12:45 PM Author: Learning disabled garnet office Lmao
“And be grateful you get that much!” |
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Date: April 25th, 2024 1:48 PM Author: Useless Doctorate hilarious (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608959) |
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Date: April 25th, 2024 2:04 PM Author: Razzle-dazzle pale space regret “Enjoy!” (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47609039) |
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Date: April 25th, 2024 2:13 PM Author: irradiated senate (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47609079) |
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Date: April 25th, 2024 2:07 PM Author: swashbuckling offensive genital piercing chapel lol (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47609055) |
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Date: April 25th, 2024 4:39 PM Author: fantasy-prone area , after a 15 percent gratuity deduction. (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47609665) |
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Date: April 25th, 2024 7:44 PM Author: Soul-stirring institution boiling water (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47610076) |
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Date: April 25th, 2024 8:16 PM Author: flickering emerald tank deer antler "First" 6% is nonsensical; it's probably language that was redrafted multiple times and they fucked up (http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47610118) |