SWA/DAL Profit Sharing
12-04-2010, 06:51 PM
#1
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Joined APC: Nov 2010
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SWA/DAL Profit Sharing
Can somebody humor a confused military guy eventually looking to find a new job?
Near as I can tell, the Delta profit sharing is merely an extra paycheck in February. Does that check?
If so, is SWA's essentially the same?
Near as I can tell, the Delta profit sharing is merely an extra paycheck in February. Does that check?
If so, is SWA's essentially the same?
Last edited by Indy; 12-04-2010 at 08:19 PM.
12-05-2010, 03:34 PM
#2
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No. SWA profit sharing goes into a profit sharing account which is similar to a 401k (i.e. you make your own investment choices). You become fully vested in the plan over 5 years and can not touch the account until you retire.
I hope this helps
I hope this helps
12-05-2010, 03:46 PM
#3
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Posts: 191
Originally Posted by Indy
Can somebody humor a confused military guy eventually looking to find a new job?
Near as I can tell, the Delta profit sharing is merely an extra paycheck in February. Does that check?
If so, is SWA's essentially the same?
Near as I can tell, the Delta profit sharing is merely an extra paycheck in February. Does that check?
If so, is SWA's essentially the same?
12-05-2010, 03:47 PM
#4
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Joined APC: Mar 2009
Position: ATL MD-88A
Posts: 2,874
Originally Posted by Indy
Can somebody humor a confused military guy eventually looking to find a new job?
Near as I can tell, the Delta profit sharing is merely an extra paycheck in February. Does that check?
If so, is SWA's essentially the same?
Near as I can tell, the Delta profit sharing is merely an extra paycheck in February. Does that check?
If so, is SWA's essentially the same?
1. To be paid, profit sharing requires profits. You might want to look at the track records of the two companies.
2. One airline pays and treats its pilots considerably better than the other.
Of course, either of those things can change going forward. Or at least one can always hope!
Good luck to you in your decision!
12-05-2010, 04:26 PM
#5
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Originally Posted by Indy
Can somebody humor a confused military guy eventually looking to find a new job?
Near as I can tell, the Delta profit sharing is merely an extra paycheck in February. Does that check?
If so, is SWA's essentially the same?
Near as I can tell, the Delta profit sharing is merely an extra paycheck in February. Does that check?
If so, is SWA's essentially the same?
12-06-2010, 06:02 AM
#6
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Joined APC: Nov 2010
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I'm actually getting used to the VIP treatment now, Ronnie. You telling me that will end?
Thanks for the words. Follow up to Fly Gal...Is the SWA Profit Sharing fund considered a defined contribution fund subject to the DC annual cap, a defined benefit or something else entirely?
Thanks for the words. Follow up to Fly Gal...Is the SWA Profit Sharing fund considered a defined contribution fund subject to the DC annual cap, a defined benefit or something else entirely?
12-06-2010, 01:28 PM
#7
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Here's what APC shows for retirement plans at SWA:
401K: yes
401k Matching: up to 9.3%
A/B Fund: none
Other: Profit sharing (10% avg past 10 years)
Is that 10% avg past 10 yrs a percentage of average of annual pay or 10% of corporate profits distributed to pilot group?
401K: yes
401k Matching: up to 9.3%
A/B Fund: none
Other: Profit sharing (10% avg past 10 years)
Is that 10% avg past 10 yrs a percentage of average of annual pay or 10% of corporate profits distributed to pilot group?
12-06-2010, 01:34 PM
#8
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Joined APC: Aug 2008
Position: 737 right
Posts: 121
Originally Posted by Indy
Here's what APC shows for retirement plans at SWA:
401K: yes
401k Matching: up to 9.3%
A/B Fund: none
Other: Profit sharing (10% avg past 10 years)
Is that 10% avg past 10 yrs a percentage of average of annual pay or 10% of corporate profits distributed to pilot group?
401K: yes
401k Matching: up to 9.3%
A/B Fund: none
Other: Profit sharing (10% avg past 10 years)
Is that 10% avg past 10 yrs a percentage of average of annual pay or 10% of corporate profits distributed to pilot group?
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