Originally Posted by
pinseeker
Agreed, the IRS has no section about VB plans. Maybe later we can give up more when the company says that they need to protect themselves from possible legislation just like we did with health care.
So why did you quote the IRS section and state that the VB plan has no earnings cap when if you watch the videos and use the modeler, it clearly does as proposed.
Just because the modeler does something does not make is correct. That's why there is a big legal disclaimer. The modeler is designed to give guys an idea of what they are proposing. It looks like the numbers have been slanted to make the model look better to anyone using it. For example, since your portion (or pancake) is based on what percentage of the total you earn, there is actually no way to model your estimated return unless you make some assumptions. It looks like they have assumed that everyone earns BLG for their seat. That way they can give you an "idea" of what your pancake might be worth. Since very few actually only earn BLG, if you do then you will get many less pancakes then the modeler is projecting.