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View Full Version : PS out


Scooter432
01-14-2020, 03:18 AM
16.6 per the memo this morning


Karnak
01-14-2020, 03:28 AM
Hear that sound?

It's 88,000 calculators being used at the same time.

iaflyer
01-14-2020, 04:21 AM
And because someone will ask - you add FLT PAY/PILOT and FLT ADVANCE/PILOT from your DEC 31 check and multiple by 0.166 and that's your profit sharing. Nothing else in your paycheck counts.

For military guys, it's done differently if you're on orders that year. I don't know how they do it - maybe someone else can chime in.


notEnuf
01-14-2020, 04:52 AM
An additional 2 months pay.

tunes
01-14-2020, 05:21 AM
And because someone will ask - you add FLT PAY/PILOT and FLT ADVANCE/PILOT from your DEC 31 check and multiple by 0.166 and that's your profit sharing. Nothing else in your paycheck counts.



For military guys, it's done differently if you're on orders that year. I don't know how they do it - maybe someone else can chime in.



Add the mil leave adjustment


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RAH RAH REE
01-14-2020, 05:23 AM
Does newhire pay count towards it?

Myfingershurt
01-14-2020, 05:31 AM
Does newhire pay count towards it?

yes.............

crewdawg
01-14-2020, 05:49 AM
Flt Pay + Flt ADV + Mil adjustment + Regular Pay (for new hires) x 0.166.

DALMD88FO
01-14-2020, 06:11 AM
And because someone will ask - you add FLT PAY/PILOT and FLT ADVANCE/PILOT from your DEC 31 check and multiple by 0.166 and that's your profit sharing. Nothing else in your paycheck counts.

For military guys, it's done differently if you're on orders that year. I don't know how they do it - maybe someone else can chime in.

And donít forget itís pensionable

captkdobbs
01-14-2020, 06:37 AM
So who won the bets elsewhere on APC????

Crown
01-14-2020, 06:40 AM
So who won the bets elsewhere on APC????

not me. I predicted under. I'm grateful I was wrong :D

fishforfun
01-14-2020, 06:51 AM
So who won the bets elsewhere on APC????

m3113n1a1 had a guess of 16.5%. Closest I could find.

Crown
01-14-2020, 06:52 AM
m3113n1a1 had a guess of 16.5%. Closest I could find.

so what do they win?

Tailhookah
01-14-2020, 07:22 AM
And donít forget itís pensionable

So thatís an additional 16% peeps. Really itís over 19%.

Big E 757
01-14-2020, 08:00 AM
so what do they win?

He wins 16.6% of his pay for last year, on Valentines Day. Delta pays the winner.

Breadcream
01-14-2020, 08:10 AM
And donít forget itís pensionable

Can someone please explain to me what pensionable means for us at Delta? Does that mean itís going into our DC plan or is it only applicable to the folks with PBGC compensation coming to them?

tunes
01-14-2020, 08:12 AM
Can someone please explain to me what pensionable means for us at Delta? Does that mean itís going into our DC plan or is it only applicable to the folks with PBGC compensation coming to them?



It means you get 16.6% of the pay mentioned above and you get 16% of that number in your 401k

So say your profit sharing amount is 30k. You get 30k (minus taxes) and then 4,800 in your 401k


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Breadcream
01-14-2020, 08:20 AM
It means you get 16.6% of the pay mentioned above and you get 16% of that number in your 401k

So say your profit sharing amount is 30k. You get 30k (minus taxes) and then 4,800 in your 401k


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I cannot thank you enough.

full of luv
01-14-2020, 09:42 AM
Can someone please explain to me what pensionable means for us at Delta? Does that mean itís going into our DC plan or is it only applicable to the folks with PBGC compensation coming to them?

You will have the option soon(via deltanet/fidelity) to dump some of your 16.6% into your 401K as well or take it all through the tax churn now....

illini90
01-14-2020, 11:31 AM
I had about five minutes to mess with this and couldnít get any percentages to take. It said I was maxed at 6,500 for catch up. How do you make that thing work for your Roth? Thanks for any help!

illini90
01-14-2020, 11:39 AM
Never mind...figured it out. Once you get the catch-up percentage below $6,500, you can then change the other one.

m3113n1a1
01-14-2020, 12:17 PM
You will have the option soon(via deltanet/fidelity) to dump some of your 16.6% into your 401K as well or take it all through the tax churn now....
While this is true, pensionable means that Delta pays DC on our profit sharing. So if 16.6% of your salary is 30k, Delta puts an ADDITIONAL 4.8k into your 401k via the DC plan.

full of luv
01-14-2020, 01:36 PM
While this is true, pensionable means that Delta pays DC on our profit sharing. So if 16.6% of your salary is 30k, Delta puts an ADDITIONAL 4.8k into your 401k via the DC plan.

Yes I totally agree.....was just pointing out that you will have the option to "prefund" your 401K deposits by placing as much of the 16.6% into the 401K that aren't allocated to other more pressing needs, like a new Miata sports car for example.

forgot to bid
01-14-2020, 01:57 PM
Yes I totally agree.....was just pointing out that you will have the option to "prefund" your 401K deposits by placing as much of the 16.6% into the 401K that aren't allocated to other more pressing needs, like a new Miata sports car for example.

That's not a need. That's a choice.

RedeyeWarrior
01-14-2020, 02:14 PM
Yes I totally agree.....was just pointing out that you will have the option to "prefund" your 401K deposits by placing as much of the 16.6% into the 401K that aren't allocated to other more pressing needs, like a new Miata sports car for example.
Is the Miata a sports car? I own the 2017 RF, and still haven't figured it out.

Cogf16
01-14-2020, 02:16 PM
Where do I find the breakdown for my 15 Jan paycheck? It seems light. Is it the PAS found on Icrew or self service? It shows Nov 19 as the latest posted. thanks

Big E 757
01-14-2020, 02:28 PM
Never mind...figured it out. Once you get the catch-up percentage below $6,500, you can then change the other one.


This is the first year Iím eligible for catch up contributions. Do you only elect catch up contributions if youíre already maxing the employee contributions for the year with the profit sharing contribution? In other words, if I donít max it out now, later in the year when I hit the 415(c) limit, will fidelity automatically continue taking my contribution until I max the catch up limit or do I specifically have to designate that money as a catch up contribution down the road? Does that question make sense?

iaflyer
01-14-2020, 02:29 PM
Where do I find the breakdown for my 15 Jan paycheck? It seems light. Is it the PAS found on Icrew or self service? It shows Nov 19 as the latest posted. thanksIt shows up on payday, so the Dec PAS will show up on Jan15th.

Cogf16
01-14-2020, 02:31 PM
Thanks.....

Denny Crane
01-14-2020, 02:32 PM
PAS won't come out for a couple months. The best way is to look at your paystub by going to DeltaNet>HR>Self Service>the Money tab then navigate from there.

Denny

GogglesPisano
01-14-2020, 02:33 PM
This is the first year Iím eligible for catch up contributions. Do you only elect catch up contributions if youíre already maxing the employee contributions for the year with the profit sharing contribution? In other words, if I donít max it out now, later in the year when I hit the 415(c) limit, will fidelity automatically continue taking my contribution until I max the catch up limit or do I specifically have to designate that money as a catch up contribution down the road? Does that question make sense?

Leave the catch-up set to zero. At some point you will reach the limit, your 401k deduction will be zero on your paycheck. Then adjust the catch-up to whatever you want.

If you add the catch-up now, both normal and catch-up will be taken out, eg: 10% and 10% = 20% deduction. Yes, I found that out the hard way a few years back.

fishforfun
01-14-2020, 02:38 PM
PAS won't come out for a couple months. The best way is to look at your paystub by going to DeltaNet>HR>Self Service>the Money tab then navigate from there.

Denny

☝️☝️What he said. Use last one from 2019. I did it this morning before the PS tool was up and used the figures from the fields detailed here and itís dead on for what I found in the profit sharing tool.

m3113n1a1
01-14-2020, 02:40 PM
Where do I find the breakdown for my 15 Jan paycheck? It seems light. Is it the PAS found on Icrew or self service? It shows Nov 19 as the latest posted. thanks

It's probably about 6-7% less than you expected because you were probably maxed out on social security the last part of 2019, but they get to take it out again now that it's 2020!

GogglesPisano
01-14-2020, 03:06 PM
Is there any way to fund a ďBackdoor Roth,Ē directly from PS? Or do I have to take the cash and deposit that into the Fidelity IRA?

tunes
01-14-2020, 04:15 PM
Where do I find the breakdown for my 15 Jan paycheck? It seems light. Is it the PAS found on Icrew or self service? It shows Nov 19 as the latest posted. thanks
they paystub is in self service

tunes
01-14-2020, 04:15 PM
Is there any way to fund a ďBackdoor Roth,Ē directly from PS? Or do I have to take the cash and deposit that into the Fidelity IRA?
choose the after tax option

Gunfighter
01-14-2020, 04:57 PM
Is there any way to fund a ďBackdoor Roth,Ē directly from PS? Or do I have to take the cash and deposit that into the Fidelity IRA?

Back Door Roth (as in $6k) - make a non deductible contribution to a traditional IRA outside of the Delta Pilots plan and convert it to a Roth the next day.

Mega Back Door Roth (as in $20-40K) - Make a 401a (after tax) contribution through the Delta Pilots plan and then call Fidelity for an in plan conversion to a Roth.

My personal technique is to set the contribution at 75% 401a after tax until I'm full for the year. My net paycheck today was $0 and will remain $0 until my retirement account is full in Feb/Mar. After that point the DC is paid as DPSP Cash, but it maximizes the Roth contributions within the 415C limits.

YMMV, DYODD, This post for entertainment purposes only, etc...

illini90
01-14-2020, 06:16 PM
I guess it depends on your situation, but I max out both the 401 and the Catchup with my PS money. That way it's working for me, starting February, instead of in November. But to answer the first question, yes, it's separate declaration.


Leave the catch-up set to zero. At some point you will reach the limit, your 401k deduction will be zero on your paycheck. Then adjust the catch-up to whatever you want.

If you add the catch-up now, both normal and catch-up will be taken out, eg: 10% and 10% = 20% deduction. Yes, I found that out the hard way a few years back.

Nantonaku
01-14-2020, 06:47 PM
Back Door Roth (as in $6k) - make a non deductible contribution to a traditional IRA outside of the Delta Pilots plan and convert it to a Roth the next day.

Mega Back Door Roth (as in $20-40K) - Make a 401a (after tax) contribution through the Delta Pilots plan and then call Fidelity for an in plan conversion to a Roth.

My personal technique is to set the contribution at 75% 401a after tax until I'm full for the year. My net paycheck today was $0 and will remain $0 until my retirement account is full in Feb/Mar. After that point the DC is paid as DPSP Cash, but it maximizes the Roth contributions within the 415C limits.

YMMV, DYODD, This post for entertainment purposes only, etc...

What is the benefit of filling up the 415C limits so fast? Why not just do it through out the year and dollar cost average into some index fund? Less calls to Fidelity?

Does the back door Roth go against the other 401 limits (the $56K or whatever it is)? Do you just make it so all your money goes to the 401A and not mess with the pre-tax/roth 401K stuff (for the $19K limit)? I read the FB thread on this and I'm still confused on how people make this work.

m3113n1a1
01-14-2020, 07:04 PM
What is the benefit of filling up the 415C limits so fast? Why not just do it through out the year and dollar cost average into some index fund? Less calls to Fidelity?

Does the back door Roth go against the other 401 limits (the $56K or whatever it is)? Do you just make it so all your money goes to the 401A and not mess with the pre-tax/roth 401K stuff (for the $19K limit)? I read the FB thread on this and I'm still confused on how people make this work.

So that you can fill 401a quicker and force the company contribution into dpsp cash. Maximizing the amount of money you end up with in your Roth Ira. Seeing as the company contribution is Pre-Tax.

Big E 757
01-14-2020, 08:13 PM
Leave the catch-up set to zero. At some point you will reach the limit, your 401k deduction will be zero on your paycheck. Then adjust the catch-up to whatever you want.

If you add the catch-up now, both normal and catch-up will be taken out, eg: 10% and 10% = 20% deduction. Yes, I found that out the hard way a few years back.


Thank you!