FDX B Fund
04-10-2018, 07:06 AM
#11
Gets Weekends Off
Joined APC: Oct 2015
Posts: 751
Originally Posted by KnightFlyer
You can put in $18500 max to your 401k (or Roth 401k). If 50+ can do another $6000.
If you want to do additional after-tax, they caution us to limit it to 5% so you don't hit the limits preventing max B fund contributions from the company.
If you want to do additional after-tax, they caution us to limit it to 5% so you don't hit the limits preventing max B fund contributions from the company.
04-10-2018, 11:31 AM
#12
Gets Weekends Off
Joined APC: Mar 2006
Position: Crewmember
Posts: 1,381
The union just put out a really good explanation of this from the R&I committee.
If you work for FedEx, and have not read it, it is worth reading.
I agree, we should have had cash over cap in this last contract.
If you work for FedEx, and have not read it, it is worth reading.
I agree, we should have had cash over cap in this last contract.
04-10-2018, 01:08 PM
#13
Gets Weekends Off
Joined APC: Oct 2015
Posts: 751
Originally Posted by Nightflyer
The union just put out a really good explanation of this from the R&I committee.
If you work for FedEx, and have not read it, it is worth reading.
I agree, we should have had cash over cap in this last contract.
If you work for FedEx, and have not read it, it is worth reading.
I agree, we should have had cash over cap in this last contract.
04-10-2018, 09:04 PM
#14
Gets Weekends Off
Joined APC: Apr 2013
Posts: 1,622
Originally Posted by gatorhater
I believe ‘cash over cap’ commonly refers to the calculation when leaving out the sick buyback.
I’m your example all the cash you receive comes from your sick buyback.
What we want is cash for the 8% over 55k if we set our contribution too high.
I’m your example all the cash you receive comes from your sick buyback.
What we want is cash for the 8% over 55k if we set our contribution too high.
And I agree the money you're getting back is because of the excess sick bank. However, if you're the healthy type it is a nice benefit.
Originally Posted by USMCFDX
This exactly part of the problem we currently have. We DO NOT HAVE cash over cap. Many here have no idea how our retirement numbers work.
That is a sick hank payout and all you post describe is where it can go. I will never receive this payout and I will get zero dollars at retirement from the .50 payout on the dollar.
That is a sick hank payout and all you post describe is where it can go. I will never receive this payout and I will get zero dollars at retirement from the .50 payout on the dollar.
Not throwing any stones but next time I hope we all vote NO. Contract 2015 was a huge failure in many areas. We need to be united. We need the younger folks we are currently hiring to understand how bad we took it and hopefully next time around we can tell the company NO.
Last edited by PurpleToolBox; 04-10-2018 at 09:15 PM.
04-11-2018, 03:23 AM
#15
Gets Weekends Off
Joined APC: Aug 2006
Posts: 1,820
Originally Posted by PurpleToolBox
What I want is cash over the cap because the company contribution puts us over the cap without having to invest our own money. For example a 16%-18% B-fund would put many in that situation.
The cap that we need to worry about is the earnings cap, not the contribution cap.
04-11-2018, 04:15 AM
#16
Gets Weekends Off
Joined APC: Apr 2007
Posts: 124
The B-fund is capped in a way... by the 401(a)(17) — Qualified Plan Compensation Limit. The company can only make contributions up to this limit of income for 2017 it was $270,000. So 8% of that was $21,600, that is the max anyone made in B fund contributions, even if their income was $500,000...
04-11-2018, 07:11 AM
#17
Gets Weekends Off
Joined APC: Nov 2005
Position: 757 Capt
Posts: 2,418
Cash over Cap refers to the 401(a)17 limit...not the total DC limit.
Right now the top earners at FedEx Don’t have an 8% B plan and won’t have a 9% B plan because it’s capped. Company contributions probably stop Aug-Oct timeframe for those folks
Right now the top earners at FedEx Don’t have an 8% B plan and won’t have a 9% B plan because it’s capped. Company contributions probably stop Aug-Oct timeframe for those folks
04-11-2018, 10:57 AM
#18
Gets Weekends Off
Joined APC: Jul 2007
Position: Gear Monkey
Posts: 3,191
Originally Posted by kronan
Cash over Cap refers to the 401(a)17 limit...not the total DC limit.
Right now the top earners at FedEx Don’t have an 8% B plan and won’t have a 9% B plan because it’s capped. Company contributions probably stop Aug-Oct timeframe for those folks
Right now the top earners at FedEx Don’t have an 8% B plan and won’t have a 9% B plan because it’s capped. Company contributions probably stop Aug-Oct timeframe for those folks
They will earn 9% on their pay up to the limit vs only 8% on their pay up to the limit
04-11-2018, 12:35 PM
#19
Gets Weekends Off
Joined APC: Nov 2005
Position: 757 Capt
Posts: 2,418
Delta’s MEC, in conjunction with ALPA National, produced an excellent video 2 years back, good discussion on retirement begins approx 11 minutes in
https://youtu.be/21TSEX8Xh2o
https://youtu.be/21TSEX8Xh2o
04-23-2018, 12:49 AM
#20
Gets Weekends Off
Joined APC: Jan 2007
Position: MD-11 F/O
Posts: 390
From another thread
Thread
Thread Starter
Forum
Replies
Last Post
