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View Full Version : Profit sharing


ViperGuy69
01-29-2018, 03:40 PM
How much have the majors been paying out in profit sharing and does this money go into your 401k or directly into your bank account?


full of luv
01-29-2018, 04:59 PM
How much have the majors been paying out in profit sharing and does this money go into your 401k or directly into your bank account?

Delta 15.1% of 2017 earnings (minus 2016 profit sharing), and you can put any/all, or none of it into your 401K on Valentines day, your discretion. You can also direct some of it into your HSA pre-tax as well if your into that sort of thing.
Additionally,
Company does put an additional 15% of your PS amount into your 401K (technically they are defined contribution plans, but work exactly the same as 401Ks).
Great year to be an airline pilot! What a difference a decade makes!:D

Spudhauler
01-29-2018, 06:04 PM
Delta 15.1% of 2017 earnings (minus 2016 profit sharing), and you can put any/all, or none of it into your 401K on Valentines day, your discretion. You can also direct some of it into your HSA pre-tax as well if your into that sort of thing.
Additionally,
Company does put an additional 15% of your PS amount into your 401K (technically they are defined contribution plans, but work exactly the same as 401Ks).
Great year to be an airline pilot! What a difference a decade makes!:D

Minor point, but Delta puts in 16% of the value of your PS into your 401K rather than 15%.


GuppyPuppy
01-30-2018, 03:47 AM
JB looks like 1.9% after record profits and a reworking of the PS formula.

You can take the PS and split it at any percentage (I believe) between a check and 401k.

Oh, and we did get a $50 Amazon gift card....so we've got that going for us...which is nice. We were also told by our overlords that on our death bed we will receive total consciousness, which is also nice!

As our former COO once said, "You have to sacrifice to work here".

Gup

Mover
01-30-2018, 05:58 AM
AA is 2% this year. Down from 3% last year.

full of luv
01-30-2018, 10:27 AM
AA is 2% this year. Down from 3% last year.

Can it go into your 401K or straight to your check?

full of luv
01-30-2018, 10:28 AM
Minor point, but Delta puts in 16% of the value of your PS into your 401K rather than 15%.

Oops, Iím still stuck in 2017....

tunes
01-30-2018, 02:07 PM
Oops, Iím still stuck in 2017....

2016..........

Mover
01-30-2018, 05:52 PM
Can it go into your 401K or straight to your check?

Profit sharing can. The Trump tax return could not.



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