Originally Posted by
PilotWombat
So, a question to all of you that don't like the MBCBP (I'm still undecided, and will likely remain so until something concrete comes out). Clearly the 401k isn't adequate, so what is your proposal? What other company-sponsered options exist that allow us to shelter our retirement contributions from taxes now that you would find acceptable?
Pay, because it counts toward profit sharing and pension. The percentage needs to be high enough to have the company fill the full amount when earnings can equal 0 employee dollars. 20% minimum. A 9% increase in DC is equal to a 9% increase in pay for probably 75% of the seniority list.