Pinnacle 401K
 

Can anyone post some details on the 401K program at 9E?
Thanks

Can you be specific as to what you are looking for?

Matches, contributions up to what limit, vestments, etc.

You can contribute the max according to law ($16,500 for 2010 for those under 50). The match is insignificant. If you put in the maximum amount every pay check you'd get about $20 a month in matching funds. Your own contributions are of course vested immediately. The company contributions I think take 5 years to vest. That's a long time to wait for $20.

Its a joke.


6 months – 5 years - company match 25% of 5%
6 – 9 years 40% of 6%
10 – 12 years 60% of 7%
13 years or more 70% of 7%

Fully vested after 5 yrs.

Only good thing is the Fidelity Spartan Index funds. Then there is the brokerage link for all those who 'think' they can beat the market...

Thanks, I figured mesabas was much better, and this only confirms it. Is this what you are currently asking for in the contract talks as well?

XJ does have a better 401K. We do have the brokerage link option which allows you to buy any stock/etf/mutual fund with the exception of PNCL. We are not Safe Harbor but it is a goal. Currently you cannot max out the 401K without a check back the following January due to the Highly Compensated Employee language.

In terms of benes- 9E has the insurance, XJ has the 401K.