Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

pnwmom

(108,973 posts)
Mon Jul 17, 2017, 02:23 PM Jul 2017

Cheapskate Trump contributes only $725 annually per participant in company retirement plan, versus

Les Schwab Tires, which contributes $5000 per participant.

From the blog of Bill Parish:

https://blog.billparish.com/2017/06/28/rough-draft-for-comment-deutsche-bank-where-robert-mercer-jared-kurshner-donald-trump-robert-mueller-and-russia-converge-was-trumps-run-for-president-an-attempt-to-stave-off-bankruptcy/

Exhibit 6: Comparing the Trump Retirement Plan to Les Schwab, A Tire Dealer.

Here is a brief comparision of Trump’s retirement plan to a large low tech tire distributor based in Oregon, Les Schwab. Note that Trump only contributes on average $725 per year to each participant while Schwab contributes $5,000. Source: Annual 5500 filing with DOL.

Known for his conservative politics, my guess is that Schwab rarely voted for a Democrat. What he was known for was his dedication to his employees and customers, traditional Republican values. Values on display in his pension plan.


2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Cheapskate Trump contributes only $725 annually per participant in company retirement plan, versus (Original Post) pnwmom Jul 2017 OP
He is teaching them self reliance. Eliot Rosewater Jul 2017 #1
Is there a law somewhere dictating a company must contribute a minimum annually? Lyricalinklines Jul 2017 #2

Eliot Rosewater

(31,109 posts)
1. He is teaching them self reliance.
Mon Jul 17, 2017, 02:37 PM
Jul 2017

You know, like he had to learn when he was given only ten million dollars to get started in business. Along with access to every single bank and line of credit in NYC.

Lyricalinklines

(367 posts)
2. Is there a law somewhere dictating a company must contribute a minimum annually?
Mon Jul 17, 2017, 02:43 PM
Jul 2017

Then he could get away with claiming he provides employees with a retirement plan.

It's beautiful.
It's yuge.



Latest Discussions»General Discussion»Cheapskate Trump contribu...