Ingersoll-Rand Plc Message Board
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Ingersoll-Rand's 401K
Trane currently has a very good 401K matching program. They give all employees 3% of there income in Trane stock, and then match up 6% of the employees contribution in Trane stock.
Can someone that works for Ingersoll Rand let me know what their 401K match program looks like?
Thanks!-
If they follow the pattern they used on all their other division acquisitions that 3% stock/salary match is on it's way out like the profit sharing programs at all the other companies they've acquired. I would suspect it's not gone now due to the fact that Trane is effectively half the company. They will keep the 6% match for the 401K but transition it to IR stock if they haven't already. I just noticed the original thread is 4 years old.
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What about pension plans?
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Profit sharing would be nice, but as an employee of the company I dont think we will ever get it. We exceded our annual target by 25 million, and all we got was a gift card.
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loftndude2000 wrote:
Maybe profit sharing would be the way to go? What ever divison you work at
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I doubt if a big corporation like IR could do a thing like that,but it sounds good though, it can and has worked in smaller non-corporate companies.- 1 Reply to SantaC001
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so true
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Maybe profit sharing would be the way to go? What ever divison you work at
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They certianly are sharp business people. However, their greed has blinded them to taking such a huge chunk of change from the company while at the same time, they are cutting the company in places that would assure their employees are happy and productive. They need to share the wealth with all the people who are trying to make this a great company, or put that money in the company, not in their own pockets.
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kwkwkw888 wrote:
That may cut into their bonus's though.
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I doubt that.Do you think they made it to the top without knowing business's ways? -
Its the same as Trane. They match it up to a maximum of 6%. I have been with IR for 10 years.
- 1 Reply to stv_dwns
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stv_dwns,
More specific, is the match dollar for dollar up to 6%?
Is there any Pension Plan? The 3% csd2020 was reffering to was Trane's contribution to 401K in Leiu of a formal pension plan. If stv_dwns does not know or reply, does anyone else know?
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Its the same as Trane. They match it up to a maximum of 6%. I have been with IR for 10 years.
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