Airline Pilot Central Forums - Any "Latest & Greatest" about Delta?

Can anyone tell me what happens when you max out your 401K? In 2011 I guess I hit the max of $17,000 going to the 401K, but I know I had more taken out than that. Where does the rest go, and what is the 415K? Pretty ignorant on this because I've never maxed out the 401K before.

Once your cotributions hit the limit it automatically stops. Any excess for the remainder of the year is paid in your paycheck as taxable income. You can elect to make additional contributions to your retirement acct with after -tax money but it doesn't count against the 415c limit.

Btw the 415c limit is somewhere around $50,000/yr. It is the total amount of tax advantaged money contributed between you and Delta.

sinca3

01-10-2013 10:10 AM

Quote:

Originally Posted by johnso29 (Post 1327351)

I was able to view my vacation yesterday. Now it's telling me UNABLE VACATION PROCESSING IN PROGRESS...........are they running the awards again???? :confused:

Per ALPA there were some issues with vacation bidding and a communications should be out soon about it. Sounds like a rerun is in the works if not already done. Also they can't award two weeks if I didn't bid enough lines so mine was a total faux pas.

RockyBoy

01-10-2013 10:13 AM

Quote:

Originally Posted by PilotFrog (Post 1327482)

They should have stopped your contributions at $17,000. If you are over 50, then you can put in an additional $5,500. I've never heard of them continuting to put your money in above those limits. It usually stops and goes into your paycheck as normal income once you hit the limit.

The 415K is the IRS code for the DC plan, it's the total amount put into both your 401K account and your DC account. That amount is what you and Delta have contributed and is limited to $50,000 per year.

buzzpat

01-10-2013 10:29 AM

Quote:

Originally Posted by sinca3 (Post 1327509)

Mine was messed up too. I got a PVAC and a TVAC, never having bid for the tertiary vacation.

PilotFrog

01-10-2013 10:29 AM

Thanks all about the 401k. Yea it looks like I hit the limit in the first paycheck in Dec, and that explains why the second one was a little bigger than usual.

rahc	01-10-2013 10:34 AM

Quote:

Originally Posted by Columbia (Post 1327486)

It's still goes in there, but there are no tax benefits for your contributions above your 17K. It's no different than had you sent it to your checking account. The downside is that you can't get to it until you retire or else face a hefty penalty.

I actually did this the last 2 years. Once you hit the 17k limit (17.5k for 2013), it no longer takes the money out of your paycheck. I always front-load my contributions in the year.

your paychecks just end up larger

80ktsClamp

01-10-2013 11:15 AM

Quote:

Originally Posted by buzzpat (Post 1327513)

Mine was messed up too. I got a PVAC and a TVAC, never having bid for the tertiary vacation.

I put my anniversary week of aug 16 as my first choice (having never not held that), and then christmas... then just started listing 1,2,3, 4...

How the crap could I not hold anything from April all the way through the middle of October? Something definitely was jacked up. :)

80ktsClamp

01-10-2013 11:30 AM

On the Flight Operations home page, there is a link to "TRACS" that has showed up which appears to be inop. Anyone know what this is? Or a glitch in the system like the PVAC awards? :)

Maddoggin

01-10-2013 11:38 AM

Quote:

Originally Posted by 80ktsClamp (Post 1327559)

On the Flight Operations home page, there is a link to "TRACS" that has showed up which appears to be inop. Anyone know what this is? Or a glitch in the system like the PVAC awards? :)

I think TRACS is the new grading system for instructors to record grades for guys in training.

FmrFreightDog

01-10-2013 11:39 AM

Quote:

Originally Posted by Sink r8 (Post 1327433)

Does it really matter what people do and don't do on the basis of an award? If two people get the same favorable award, would you keep it only for the person that booked a avcation on those dates?

You get the award, it's yours. There are no disclaimers telling you it's not final until posted in DBMS. In this case, it's in DBMS, and they notify you of an award, which you acknowledge.

I've seen precedents where they re-run monthly bids, but those are conditional. I've never seen them rescind AE's or vacations once awarded. Is there a precedent for that?

That's my point. An award is an award. I don't see how they can rescind/rerun a vacation bid after awards have been given and acknowledged. I can see addressing individual complaints but taking a week someone actually wants away from a guy who has already acknowledged it and begun planning, say, a spring break trip because the company messed up is total BS. However, it sounds like ALPA is going to go along with allowing a rerun of the vacation awards.

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