[lisplist]

The fund is based on 10Y treasury bonds which have significantly underperformed the S&P historically. First 3 years, you get a 6% guaranteed return. The remainder, you get only 3% guaranteed. For reference, my HYSA yields 4% a year.

[cool_dude85]

Presumably IBM invests this money and pockets the difference. What a scheme - your employee retirement plan is actually a profit center. Fucked up that this could be allowed to happen.

[sidewndr46]

The financialization of IBM is now complete, as they attempt to make as money off their own employees as possible.

[linuxftw]

They only offer a 5% discount for their ESPP with no lookback. They've been using employees to prop up share price for quite some time.

[jonfw]

ESPP is 15%

[linuxftw]

It wasn't several years ago, and it was 5% for a very long time. Looks like they raised it last year.

[pinewurst]

Plus most importantly it's non-portable. You're dependent on their good will (hah!) for the ability to retrieve it from them in the future at whatever (partial) rate they decide they can get away with.

I thought they were criminals for going to lump sum match. This is net level stuff...

[temp_praneshp]

Their email calls it immediately vested + portable. Why/how would it be non-portable?

[celestialcheese]

In 3 years, if IBMs fund is paying 3%, your HYSA is going to be the same or less. HYSA's are just a treasury fund minus a few bips

[lisplist]

Fair, just giving a point of reference