$5K over 5 years is not much. But only a fool would not take it. If you put $1,000 in per year, and the company matches it, you just made 100% return on your investment, even before the market gets to touch it. Try doing that with any other investment vechicle.
And I suspect $1,000 a year is WAY on the low side, except maybe first year.
And I have yet to find any company in the USA that pays into a 401K like Delta does. One cannot compare other jobs to them. They are in a class of their own!
Originally Posted by
Ellen
All I'm really trying to point out is that $5k over five years is junk. (Free Junk). UAL dumps 16% of your salary into 401k without you having to contribute a nickel. Over five years that over $80k - $90k and that's just 401k.
The regionals have been pulling the wool over everyone's eyes for decades. Regional pilots are cheap, overworked labor. Regionals used to be a stepping stone... But with the new ATP rules, I'd bypass them all together and go to others like Allegiant, Spirit, Frontier, Virgin, or even some Part 135 operators.