Originally Posted by
notEnuf
It's required to be third party managed and held. ALPA doesn't get it and doesn't want the liability and once the company funds it they are out of the picture. It's no less secure than your current 401k held by fidelity.
except that my 401k is mine. I have an account, and that account has a balance of my money.
the MBCBP is a group fund, and all an individual pilot will get is a “notional balance.”
it’s not the same.