Originally Posted by
GogglesPisano
50% of our pilots max out their 401k (Company and personal contributions.)
The excess 415c is taxed as ordinary income. It would be a nice feature if this were somehow tax-sheltered.
As long as the DC remains untouched or is bumped up to 20%, I'm fine with thinking outside the box.
I agree, and to your second point, that all has to do with government requirements, so getting the contribution ceiling raised would be nice. I also don't believe anything works in a vacuum; the reality is that if the market goes down, thus putting us at downside risk with our DC funds, Delta will see a revenue decrease, which would make it more difficult to fund a DB plan. That would be financially challenging for the company and the DB. We've been down this road before, and I don't really want to repeat that blunder.