Delta’s retirement set up is better IMO. Mitigates changes in IRS limits by having CoC, guaranteeing max contributions from the company each year. Eg a widebody captain in our TA setup would only get about 17% contributions because of no CoC. If I were a pilot at Delta, I’d opt out of the MBCBP and take the extra taxable income to invest in real estate. Our union seems to think that isn’t a good idea and everyone should have this giant pot of deferred tax burden 25 years from now. Good luck with that when uncle sam decides to tax the snot out of it.

If we stick with our garbage MBCBP design then we must ensure the company is not the fiduciary.