Thread: Four years for this TA
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Old 08-30-2015 | 08:21 PM
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TonyC
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Originally Posted by Upsddown

The total from all plans (401K and Defined Contribution) cannot exceed the $53,000 ($59,000 over age 50) IRS 415 limit. If Fedex has proposed an 18% Defined Contribution that would mean Fedex would contribute 18% of annual compensation up to the $265,000 IRS limit or $47,700 annually. For the remainder of the compensation above the $265,000 limit Fedex could not contribute any more to your Defined contribution plan they would likely just pay you an extra 18% salary for the compensation above $265,000.

Likely not.

When the pilot reaches the limit, FedEx stops paying, period.

That's why our 7% B-fund doesn't actually give 7% to our higher-earning pilots, and why a 50% B-fund would do them no good.





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