Oh no I'm not, but you are right that is what management hopped we'd do. They made a big deal about how FAs got "the best 401k contribution in the industry! (10 percent)" when in fact half that contribution was made up of the FAs own profit sharing and when the true match of only 5 percent was exposed, it was shown to be substandard. They were called out on it, don't worry. Its interesting that the focus has shifted again and instead of trying to hide the retirement plus 5 percent as a 401k match/contribution, the words have changed to emphasize it is profit sharing and thus we actually got "profit sharing" this year.

They can call it whatever they want, but the math does not change and the negotiators know how to add.