Originally Posted by
acl65pilot
Slow, great points, I also stated that we could look at variances and or other options.
Sorry I put 401C that was a mistake, looking at some other stuff on my side of things and that was on my mind, should have said 415C
I know I am one that like to have as much money in a tax deferred account as possible. I know I would put at much as I could there since these types of payments are taxed at a much higher rate if they are paid to you in the form of a bonus check.
That said, I know many would want the cash.
So lets talk about this. How could we have the option of putting it in a 415C et al but allow pilots the option to take the cash instead. I am stumped, but I would like to give them that option. I guess we could have two options on what the payment is called to get around the goose and gander issues with said payments.
Thoughts?
ACL,
If it's big enough it won't matter because between the DC plan (14% by 1 Jan 2012) and some big cash payment from the JV your 401K will be filled up by those two ($49,000 in 2010). If other people want more cash they can elect not to have their 401K funded because they are receiving enough in the 401k by the other two methods.