Originally Posted by
Roadkill
Ok, I could use a little help with these retirement plans... I have FOUR plans showing up at Fidelity, only two of them have $$ in them. I'll admit it, I'm confused as to what these plans are, why some have $$ and others don't. Please be gentle, I never had a 401k or pension or DC or any of this in the military, and the shorthand names for these things in all my reading is just confusing me more. Can anyone give a brief rundown on why 4 plans exist with two empty?
Thanks
1. Delta Pilots Defined Contribution Plan (401k) -- has $$ in it, got $300 in 2012 so far.
2. Delta Pilots MPPP (401k) -- has $0 in it.
3. Delta Pilots Plan (401k) -- has $$ in it, got $50 in 2012 so far from employer contributions.
4. Delta Air Lines, INC. (401k) -- has $0 in it, no contributions
I keep reading " the Delta Pilots Plan" or "the DC plan", which don't match any of these names exactly... thanks.
The "Delta Pilots Defined Contribution Plan" is DC Plan , and the Delta Pilots plan is the other one with money in it, I believe that one is also called DPSP (Delta Pilot Savings Plan). I only have those two accounts that you say have $$. Company puts 14% of your earnings into the DC plan, I can't remember what the other one gets. As for the difference between the two I don't really understand fully, so I too would appreciate someone on here to put in in Lehman's terms
Edit: oops looks like someone beat me to it while I was typing. So that is why it looks so redundant!