Originally Posted by
Ted Striker
DAL has a DC plan and I believe it's 16%, IRS limits for 2017 $54,000. 2017 IRS 401K match limits $18,000.
Delta employee makes $225,000, DC plan company contributions at 16% = $36,000. Employee contributes 8% ($18,000) for a total of $54,000 per year only contributing 8%.
JetBue pilot making $225,000 no DC plan, contributes 8% for $18,000 with company match of $18,000 totaling $36,000.
Compound that over 20+ years and it's staggering.
JetBlue only matches the first 5% of pilot contribution. $18,000 + $11,250 for $29,250 in your example. Even farther behind a Delta pilot
Originally Posted by
WhiteHammer
Wrong. The company puts 13% into my 401K, and I get profit sharing I am not counting it twice. They changed it remember. That 5% that use to be called profit sharing that goes into our 401K was changed, it's called something else now. It doesn't matter what it's called. The company puts a total of 13% into my 401K and I still get profit sharing. I don't know where this lie of yours started but I am getting tired of it.
Out of curiosity, how do you get 13% from the company? My math doesn't match yours...