Originally Posted by
Bluedriver
You either don't know, or are not representing it clearly.
You put in 5%.
The company puts in 13%.
Total is 18% if the pilot puts in 5%.
We have a 13% COMPANY contribution, as long as the pilot puts in at least 5%. 18% total in 401k in this scenario.
Company matches 5% and tosses in 3%. Where's the other 5% that gets it to 18%, or are you counting profit sharing as part of the retirement? 'Cause that's a separate benefit at most other places.
Plus, if you DON'T put in the whole 5%, that reduces it. Let's say you only put in 3%, then the company only puts in 3%.