Southwest hiring info
09-03-2015, 05:14 AM
#2306
Gets Weekends Off
Joined APC: Jul 2008
Position: Reverse cowgirl
Posts: 245
Sorry if this is posted somewhere - can't find any details other than the APC profile - what are the details on WNs 401k - I see a 9.3 percent match - is that a dollar for dollar or does WN just throw that in? Is it tiered by years of service or does the 9.3 start on day 1? Is the profit sharing significant?
09-03-2015, 05:22 AM
#2307
Gets Weekends Off
Joined APC: Aug 2013
Position: 737 FO
Posts: 239
Originally Posted by gsphuntr
Sorry if this is posted somewhere - can't find any details other than the APC profile - what are the details on WNs 401k - I see a 9.3 percent match - is that a dollar for dollar or does WN just throw that in? Is it tiered by years of service or does the 9.3 start on day 1? Is the profit sharing significant?
09-03-2015, 06:21 AM
#2308
Banned
Joined APC: Dec 2009
Position: Narrow/Left Wide/Right
Posts: 3,655
Originally Posted by OB Pilot
It's a 9.3% match dollar for dollar that you are fully vested in from day 1. Every pilot gets the opportunity for the same contribution. Last year the profit sharing was almost the same percentage so the company's contribution toward retirement was around 18%. Of course you had to contribute 10% in order to get all of that.
Just remember SWA, the industry standard has become a cool 15% or so of your pay being contributed just by the company into your 401K until you reach the $265K or so IRS income limit, then the 15% is paid straight to you.
09-03-2015, 07:40 AM
#2310
Gets Weekends Off
Joined APC: Apr 2013
Position: CRJ Captain
Posts: 195
Originally Posted by WienPilot
If you are not ex-military think twice about spending money & time about trying to get on with SWA. I speak from experience.
Just a friendly financial warning, that is all.
Just a friendly financial warning, that is all.
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