Originally Posted by
full of luv
Yes, these are not "matches", they are defined contribution plans which means that DAL at least will put 15% in addition to your pay into a 401K type account. There is no match component, but you can put as much of your own pay into your 401K account as you want (up to the IRS limit) in addition.
I think FEDEX and UPS still have traditional pension plans in effect so they would be the place to go if pension is your #1 motivator.
All this is correct and the 415 limit this year is suppose to be 52,000. So if one's only goal was to save for retirement they could shovel a ton of money into that account. 15% + (employee contribution)