Originally Posted by
czam
Just curious how the 401K plan works at Delta.
What company manages the plan and is there a good selection of funds available to choose from? Is there a self directed component available?
Also, how do the contributions (2% and 12%?) get distributed for you high earners that exceed the annual 401K contribution limits?
Thanks
It's managed through fidelity...lots of fund choices and a brokerage link option for more advanced investing options including individual stocks and options. Roth available as well. Overall, it's a very good plan. Don't know about your second question, haven't had that "problem" yet.
Assuming you max out your 17,500 in 401k contributions, you have to gross over 220K to hit the 415 max of 51,000. Won't be a factor at Delta for most until you are over 50 and able to make catch up contributions.