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-   -   Any "Latest & Greatest" about Delta? (https://www.airlinepilotforums.com/delta/36912-any-latest-greatest-about-delta.html)

Timbo 09-26-2014 03:53 AM


Originally Posted by scambo1 (Post 1734792)
I already got it. It put me at 112 for the month.

Is that 100% block time, or is there 12+ hrs. of DH in some of your trips?

Timbo 09-26-2014 03:55 AM


Originally Posted by RetiredFTS (Post 1734652)
Will we receive a15% contribution to our 401k based on this PS deposit?

I just went back to look at my last Profit Sharing payout from Feb. 14, and yes, they did add to the payout with an additional 15% DPSP contribution.

CheapTrick 09-26-2014 04:26 AM


Originally Posted by Timbo (Post 1734798)
I just went back to look at my last Profit Sharing payout from Feb. 14, and yes, they did add to the payout with an additional 15% DPSP contribution.

So my question is: If my 401k maximum has been met for the year, what happens to the 15% I'm supposed to get from this unexpected profit sharing payout? Do they pay it and refund my contribution?

Check Essential 09-26-2014 04:49 AM


Originally Posted by CheapTrick (Post 1734814)
So my question is: If my 401k maximum has been met for the year, what happens to the 15% I'm supposed to get from this unexpected profit sharing payout? Do they pay it and refund my contribution?

You are confusing your 401k with your DPSP. Two different animals.

The 15% goes to your DPSP.
There's a 401k limit of $17,500 but then there's also a 415 limit of $52,000 (for 2014).
The 415 limit is the combination of 401k and DPSP.

The 15% will go to your DPSP unless you have already hit the $52,000 limit in which case it will be paid to you as regular wages.

Timbo 09-26-2014 04:50 AM


Originally Posted by CheapTrick (Post 1734814)
So my question is: If my 401k maximum has been met for the year, what happens to the 15% I'm supposed to get from this unexpected profit sharing payout? Do they pay it and refund my contribution?

I think you'll just get it in addition to the PS, as 'cash' and pay taxes on it of course.

BoyFromSouth 09-26-2014 04:52 AM


Originally Posted by CheapTrick (Post 1734814)
So my question is: If my 401k maximum has been met for the year, what happens to the 15% I'm supposed to get from this unexpected profit sharing payout? Do they pay it and refund my contribution?

For what its worth,

I called Fidelity last week and they told me our payroll department would prevent us from going above the pre-tax 17.5k limit. He said there is no way we can go above the 17.5 pre-tax limit, there are to many preventative measures in place. However you can still make a post-tax contribution.

BFS

sailingfun 09-26-2014 04:57 AM


Originally Posted by Timbo (Post 1734825)
I think you'll just get it in addition to the PS, as 'cash' and pay taxes on it of course.

The 15% is not covered under the 401k limit. It is covered under a different limit for total retirement funds which is around 52,000. If you have exceeded that it will be paid in cash.

sailingfun 09-26-2014 05:05 AM


Originally Posted by scambo1 (Post 1734792)
I already got it. It put me at 112 for the month.

If it put you over 100 block hours in 28 days you should not have been awarded it. I think you might be confusing credit hours with block hours. There is a exception however. If you are swapping for a trip in Sep that creates the conflict in OCT the swap will be awarded and the conflicting OCT trip dropped WITHOUT PAY PROTECTION. The same thing can happen with a WS in Sep.

Check Essential 09-26-2014 05:11 AM

Check Essential meets his first cheerleader:

http://img3.owned.com/media/images/1...timing_540.gif

Timbo 09-26-2014 05:51 AM


Originally Posted by sailingfun (Post 1734831)
The 15% is not covered under the 401k limit. It is covered under a different limit for total retirement funds which is around 52,000. If you have exceeded that it will be paid in cash.

Yeahbut...unless you made the 'correction' yesterday, it's going to be paid as cash, right?


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