I will pay for the following essay Select and profile an
organization for the benefit plan-UPS I have selected. The essay is
to be 6 pages with three to five sources, with in-text citations
and a reference page.
This is evident from the expenses made by the company in relation to the employees as well as retirees health along with the pension benefits. The company seems to have been participating in the various benefit plans such as multi-employer pension and health as well as welfare plans which is essentially trustee-managed.
The benefits are provided to the employees and are generally enclosed under collective bargaining agreement. There are various factors such as improper performance of the investment, modification in the demographic and enhanced benefits for the participants that make the company contribute to the plans. It is worthy of mentioning that the company provides single-employer defined benefit as well as post-retirement benefit plan. The company also provides its employees with UPS Excess Coordinating Benefit plan thus providing benefits to the ones who are participating in the UPS Retirement Plan (Homestead, n.d.).
It can be mentioned that there are numerous benefit programs that the company tend to employ on a continuous basis for the purpose of retaining the talent in the organization for a longer period of time. It is through such benefit plans that the quality of the work lives of the employees are improved along with significant enhancement of the personal lives of the employees.
In the above section, it has been found that UPS has been providing its employees with numerous benefits so that the talent can be retained with the organization and thus the goals of the organization can be achieved. However, it has been observed that despite various competitive employee benefit plan programs, the company has few lacunas in its benefit plans. It has been noticed that the UPS is unable to offer its employees with the same benefit that Central States used to offer. After the company has withdrawn from Central States, the employees are supposed to register in the 401K plan in order to ensure that they obtain enough retirement income. It has also
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