Originally Posted by
LuckyNow
I'm not a frequent enough poster here to say for sure, but I believe that QG was a flow through pilot and those pilots kept their company seniority date for vacation and 401k contributions. I don't know the specifics of his situation, but the company puts in 16% and not more than that for anyone. We got some stock a few years ago, perhaps that was included in the first year compensation estimate. That certainly wouldn't be the case for someone off the street.
In that case, it would make sense. Definitely not a typical newhire situation.
People should make sure they know where their money is going to. My son worked for a company that automatically took 3% of his puny paycheck and put it into a 401K. When he left the company, they decided he had too little in his account and "forfeited" it for him. Or confiscated it. Kind of pathetic when people are so poorly paid, and then they lose their contributions, too. But it was his fault for not paying attention.
