Originally Posted by
notEnuf
The IRS will get to decide optionality not DALPA or the pilots. I bet we get it and it's not optional. You will be able to not contribute personally because the company meets the cap limits and those you would contribute to max out will be yours to do with as you wish. 22.5% of 300K is 67.5K, those numbers work out well with catchup contributions. Limits will increase each year so graduated yearly steps up to 25% will work out well.
I share your pessimism on the eventual “optionality.” If the treasury does mandate participation, then the MBCBP no longer meets the requirements of LOA 20-04 and cannot be implemented without another LOA. FWIW when I last spoke with the R&I committee they said that the company will not move forward unless there is full unconditional approval from the treasury for the plan as designed.