Bonus, 401k?
07-08-2017, 08:27 PM
#1
On Reserve
Thread Starter
Joined APC: Sep 2007
Posts: 22
Bonus, 401k?
Just wondering about 'total compensation' elements.
Do newhires get 401k matching from day one?
How is the bonus figured, when is it paid out, and do newhires get it? Is it cash, or extra added into your 401k, or both?
Do newhires get 401k matching from day one?
How is the bonus figured, when is it paid out, and do newhires get it? Is it cash, or extra added into your 401k, or both?
07-08-2017, 09:02 PM
#2
Gets Weekends Off
Joined APC: Jul 2008
Posts: 824
Originally Posted by SkyNation
Do newhires get 401k matching from day one?
The amount is 13.4% of your pay this year, 14.2% in 2018, and 15% beginning in 2019.
I'll have to defer to someone else on the bonus question; not sure on that yet.
07-08-2017, 10:40 PM
#4
Strike averted!
Joined APC: Mar 2015
Position: B737
Posts: 3,638
The pilots have a 401K through SWAPA.
I came in with a rollover from a part 91 job. It went in during the transition to the current provider or whatever you call it (SWAPA changed plans), but it went in without any hassle and happened fairly quickly. No problems there.
If you have questions on how to do it, the plan has help for that.
I came in with a rollover from a part 91 job. It went in during the transition to the current provider or whatever you call it (SWAPA changed plans), but it went in without any hassle and happened fairly quickly. No problems there.
If you have questions on how to do it, the plan has help for that.
07-09-2017, 08:50 AM
#7
Gets Weekends Off
Joined APC: Oct 2006
Posts: 2,842
Originally Posted by SkyNation
Is it paid out once a year? On January 1? Are you saying someone who started on January 2, 2017 won't get the bonus until 2019?
07-09-2017, 10:09 AM
#8
Gets Weekends Off
Joined APC: Dec 2016
Posts: 139
Another good reason to take the earliest class date. I took the December class. My buddy who got the job offer the same day wanted Christmas off, so he took the January 5th class. Hope the break is worth a year of profit sharing.
Plus I had a type and got six days off for Christmas anyway.
Plus I had a type and got six days off for Christmas anyway.
07-09-2017, 10:43 AM
#9
Gets Weekends Off
Joined APC: Sep 2007
Posts: 331
Originally Posted by Warhawg01
Another good reason to take the earliest class date. I took the December class. My buddy who got the job offer the same day wanted Christmas off, so he took the January 5th class. Hope the break is worth a year of profit sharing.
Plus I had a type and got six days off for Christmas anyway.
Plus I had a type and got six days off for Christmas anyway.
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