Originally Posted by
ATL7ER
For example, if your PS amount is $10,000 DAL puts an extra $1500 into your 401k. Total $$ from the PS payment then is $11,500. We have a 15% DC plan and the PS payout is treated like regular compensation so we get a 15% DC contribution from the profit sharing. That 15% is extra money above and beyond the profit sharing amount. Or maybe I'm missing your point?
Yeah but you'd get that "extra" $1500 regardless of chosing to allocate it to your 401 or just taking the cash, right? The way I read your original post it implied that only if you sent it to your 401 would you get the additional contribution.