Originally Posted by
FDXLAG
Oh it certainly is a cap, but like the AMT just one of the loopholes we jump around so that we can live here. Don't like the cap, tell ALPAPAC to get off their a$$ and fix it. Your biatch is with the government not FDX. You and Tony may think a 9% b fund is crap. I dont.
On an adjacent note, in the not-too-distant future, I'd like a lump sum A plan option, although every company would low-ball all of us. I have little faith in the long-term viability of pretty much any benefit, be it A plans from obscenely profitable-today companies, mutual funds/401K that a government might confiscate or certainly social security that I'll never see.
I knew guys at the old USAir who got away with vast sums and nobody ever came after it after the company faltered. Ah the good old days...a 2% A-plan.