Originally Posted by
Planetrain
Edit: I re-read R&I 23-03 and see the “interest credits” aka the investment returns won’t appear on the Fidelity site until Dec 15. The timeline chart on page 2 clears it up some for me.
I was under the impression the current balance shown on the Fidelity site shows all company contributions AND investment returns since Oct. Guess I need to brush up on the terminology a little better.
The way I read it is similar. In summary, the balance displayed no later than the 15th is a snapshot of the balance on the last day of the previous month. It includes all contributions for that previous month, as well as the balanced carried into the month, and interest earned on that balance carried into the month.
Since the first update on Nov 15 was a snapshot of Oct 31, which was the first deposit into the plan, there would not be interest credits earned as of the snapshot and no surprise that they aren’t displayed.
If there are no interest credits showing on the Dec 15th update, someone’s got some splaning to do. In the meantime, I’ll give some benefit of the doubt. If even half the panicked reactions and insinuations shared on this and other web boards were true, there’d be a litany of IRS, SEC, and DFR lawsuits available to harmed pilots. Something tells me they thought of that, and the plan will work as advertised. Just a hunch.