Originally Posted by
orvil
Delta has a great 401(k) plan. It is managed by Fidelity. 15% of your salary is placed into your account, no cap other than the legal limit. I think the limit is $51,000 per year. No is match required. You can payroll deduct an additional $17, 500 per year into the account, too.
The DC Plan and the 401(k) are being merged after the first of the year into one account. Another recent improvement is the ability to authorize third party managers. You do have to pay the expenses out of pocket, however. You can open a Brokeragelink account and trade stock, ETF’s, mutual funds and limited option strategies. You can also contribute to a 401(a) (post tax account) or a Roth IRA.
If you are fortunate enough to bump up to the annual limit on contributions, the excess will be paid to you via payroll with the appropriate taxes withdrawn.
All of this is in your own name. There are a lot of things that I am critical about, but our 401(k) contributions after the bankruptcy is a single good thing.
Based on a little googling and the numbers on my last pay statement, I'm pretty sure that your own contributions count toward the 51,000 415 limit.