SWA retirement?
Can you help explain the basics of the SWA retirement program:
- How does the federal limit on 401Ks effect the 9.3% matching?
- If an FO earns $120K per year and contributes 9.3%, does this mean they would end up with approximately $22.3K in their 401K?
- Does profit sharing go into the 401K? Does this amount affect the federal limit? Is their an average amount recieved in profit sharing?
Thanks for any help you can provide.