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#261
Gets Weekends Off
Joined APC: Apr 2018
Posts: 2,987
That's insane! Imagine a new hire being forced to put 11% into some company managed low return fund and only getting 9% into their 401k. Meanwhile at Delta or American they'd be getting 18% (of a much higher pay rate) into their own 401k which they can manage as they see fit. The difference over a 30 year career is VERY significant (in the millions).
#262
#264
#265
Unfortunately, it appears the 11% Cash Balance plan is also capped by IRS limits (currenty $330K) this year. So.....neither the 9% or 11% will be a true percentage of your total income if you exceed $330K. Details matter.
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