Originally Posted by
89Pistons
The authors of the rebuttal letter say the company contributions aren't capped. It seems as if you read that to believe there is no cap at all. That's not true. The company contribution to the PRAP would indeed be capped. Meaning you'd have to come out of your own pocket to max out your PRAP. Yes, the company is still contributing, but that money over the proposed cap gets the most bang for it's buck in the PRAP. You said in a previous post that you like to save money. Youre skipping the part where you'd have to use more of your own dollars to max your PRAP.
At the “CAP” the companies contributions then go into the MBCBP, so the same amount of dollars go to me just in a different vehicle. It’s still tax differed just invested more conservatively. I can change the investment mix in the PRAP to still have the same overall level of risk in my portfolio.
Your vote on this issue should be based on if you want more dollars to go to the RHA or a tax differed savings plan that you can give to your heirs.