At first I thought this was a good deal.

It's 30k in tax savings yearly for the way we run our finances and yes, more money would be routed to a money market in this plan, we'd just increase the stock vs. bond %'s in my normal account to compensate, but I'm interested to hear why the Delta pilots get a bigger chunk than the 46,500. Is it because they were offered a one time option to get out of the plan entirely? They were likely aware of the contingent benefit rule as well?

As far as LEC 33's V Chair saying only 40% of our pilot contribute the max to their 401k. Well, sure -- I had to limit my 401k on purpose to maximize the companies contributions. It's not because we're not wanting to invest up to the max or being lazy.

Anything we leave out now will be negotiating capital later for company. The Monday letters for and against will be interesting.