CS says they expect $500 million in savings.

We reduced profit sharing from 20% to 10% from $2.5 to $6Billion.

That's a savings of $350 million. The non-contracts get a 5% match on their 401K, we get a 15% contribution. Rolled together that's just under 10%, or another $35 million. Total of $385 million in savings.

Employer SSDI/OASDI and payroll taxes are a wash, as our wage rates completely replace our profit sharing payment. I suspect, but can't prove, that non-contract wage rate changes will do the same thing, just like they did in 2012.

The biggest error is in timing. Wages are paid ahead of profit sharing accrual (those are at the end of quarter).

The Barrons article used a profit sharing change up to $6.5 billion, which induced another $50 million+ of error.

FWIW.