Beware of automatic ANYTHING concerning your paycheck...

Discussion in 'Experienced Truckers' Advice' started by starvintrucker, Oct 8, 2012.

  1. starvintrucker

    starvintrucker Light Load Member

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    Roehl Transport is currently in cahoots with Wells Fargo to automatically enroll people into their 401k program. Opting out when I first signed on did me no good, I was railroaded into it anyway. The fact that I saw take home pay only 4 times in the last 16 weeks I was there didn't matter. My attempts to talk to Roehl payroll about the problem were met with "You need to talk to Wells Fargo about that, we don't handle that." My attempts to talk to Wells Fargo about the problem were met with "You need to take that up with your payroll department." My only option to get Wells Fargo out of my payroll was to end my employment at Roehl. Then there was a GIGANTIC fiasco getting my money back out of Wells Fargo. What should have taken 3 days took almost two months. I had to threaten them with the Wisconsin Attorney General's office to get them to cough up a check.

    Ending my employment at Roehl turned out to be a fantastic idea, because now I'm grossing ALOT more, taking home 10 times as much money (literally), and I'm home 2 and a half times more days per month. Being able to take care of your family is the reason alot of us got into this business, and you can't do that on $650-850 a week gross. Especially when students making 7-10 cents less than you per mile are grossing 900-1.1k per week like YOU used to... scumbags
     
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  3. rogueunh

    rogueunh Road Train Member

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    I do the payroll for my company, never heard of forcing people into a 401K. Strange.
     
  4. passingthru69

    passingthru69 Road Train Member

    most places I know, you have to be there a year before you can enroll in a 401.
    Correct me if wrong
     
  5. starvintrucker

    starvintrucker Light Load Member

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    You're not wrong. It seemed wrong to me too. I was at Roehl for two years, but during the filling out paperwork phase at sign on, I immediately opted out of their program... basically anything Wells Fargo touches, they ruin.
     
  6. Smaggs

    Smaggs Pie Crust

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    All employers. Trucking companies or not, will do anything they can to take advantage of, or to inconvenience their workers, it seems. Just like all this forced per diem and other things.
     
  7. Jorihe84

    Jorihe84 Road Train Member

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    Explain to me how they're in "cahoots" . Seems you got bigger financial problems if you can only take home a check 4 out of 16 weeks
     
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  8. DrtyDiesel

    DrtyDiesel Road Train Member

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    At roehl you can start earning 401k right off the bat. After a year you'll be eligible for profit sharing. Basically at the end of every year you get a % of the profit roehl made and that money goes into your 401k.

    Thank you! I'm not putting the OP down but I would like to know how he only took home 4 checks also. Doesn't make any sense.


    Ethan
     
  9. 48Packard

    48Packard Ol' Two-stop Shag!

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    OK....lemme see here....you're taking home TEN times what you were....but you were getting from 650 to 850 gross.

    So now, you're grossing....carry the 2, divide by salami.....SIX TO EIGHT GRAND PER WEEK?

    Must be a L/O for CRE.....

    I'd just like to get some real poop on this....4 checks in 10 weeks....forced 401k....I smell somethin', and it AIN'T daisies!
     
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  10. papawheelie

    papawheelie Light Load Member

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    Jul 30, 2012
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    Having spent the past 18 years working in the financial services industry, I can help to confirm that the issue in the original post is not the bank's problem. In this scenario, Wells Fargo does nothing more than manage the 401k investment funds on Roehl's behalf, because Roehl is not a financial services company. Whether a portion of our payroll is contributed to our 401k each paycheck, would really be completely out of Wells Fargo's hands.

    It sounds like you may have not gotten the help you were looking for from Roehl, to cease the payroll deductions/contributions to that 401k plan. That is unfortunate.... sorry to hear about the troubles.

    By the way, 401k is one of the best savings plans out there -- even if the employer does not match any of the employee contributions. So, it's definitely not the end of the world that some of your money sat in that 401k for a short period -- it likely earned a much greater return there, than it would have in the checking/savings account.
     
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  11. Allow Me.

    Allow Me. Trucker Forum STAFF Staff Member

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    Seems a lot of folks need to be more knowledgable when hiring on and signing pre-employment packets. How can a new employer "railroad" new hires into signing anything ?
     
    double_r, 48Packard and DrtyDiesel Thank this.
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