Thanks Sunox!

Yeah, looking at the ALPA Contract Comparison from '22.. it's pretty telling to see the amount of PS the Delta peeps got (and then you add in their 401k contributions to boot!)
Some politician once said something about being- Equal but different!

I've always felt that way about our PS.

A MEC Candidate mentioned about getting Stock Options as part of our compensation package.. akin to senior management. Pretty sure all the Legacy United pilots will tell the rest of us about their ESOP (excuse me if I got the terminology wrong) 'Experiment', back in 2000's.
That being said, at LCAL I remember us have the option of purchasing Continental Stock at a 15% discount. (again... correct me if I am wrong, or what more of the details were).

Seems that Delta's refinery was a gamble.. but one that might be paying off.
With any luck, in 10 years all you UAL Pilots still around will be reaping in the benefits and rewards from those little 4 seat electrical taxis buzzing around the Hudson River!

Motch
PS) Delta 5.023ish? United 1.6787.. for the year of 2022.

 

Does that include the 401k DC? How is that not in UALs language?

 

please post cuz I’m trying too!

 

Had to go to the NC to get the truth on this. The 16% that Delta gets is not extra profit sharing as is oft remarked by virtually everyone. The profit sharing pool is calculated FIRST using the much discussed metrics and THEN the 16% is calculated and taken OUT OF that pie. It is not an extra 16% paid out by the company on top of the profit sharing pie. Even though it's not as great as it seems on first blush, it's still great because it reduces the tax bill on the profit sharing.

This does not alter the fact that Delta consistently outperforms UAL on profit and therefore has much bigger profit sharing awards period.

Lastly, for those wanting to use profit sharing to enhance their 401k contributions one can simply increase the amount taken out of their regular pay check to equal whatever they desire, of course, within the limits set by the government which this year won't matter since the PS is so paltry.

 

I can't figure out the menu path to get there through flying together, but this link should take you to the profit sharing 401k special election page (FT signin required):

https://dmshr.ual.com/HR/Special401K...s/Default.aspx

 

So we can fix this in the re-write. Dollar amount vs. percentage and a DC as well.

Additionally, most of us go over the yearly limits in the 401. I’d like the remaining to come out as a cash check as opposed to being dumped into the HSA.

 

That would be a good option to have, although I prefer the HSA’s tax benefit. Not paying 37% on the company’s contributions is beneficial to many.

 

This is incorrect for Delta. The 16% is paid on top of the profit sharing. If profit sharing is 15% and you had 300,000 in earnings you get 45,000 in profit sharing plus 16% placed in your defined contribution plan for a total total of 52,200. The profit sharing is pensionable exactly the same as regular earnings. You may also elect to contribute to the DC up to IRS maximums as much of the base 45,000 you desire.
In addition to being fully pensionable profit sharing also counts toward your FAE for disability calculations. As a example a CA earning 500,000 if profit sharing was 15% would be credited with a FAE of 575000. His disability payment would be 287,500 per year plus an additional 32% credited to his DC for a total of 379,500 per year. The union disability payment program which is pilot funded would be in addition to that number. The program described above is 100% company funded.

 

I think you’re misunderstanding what he’s saying. The percentage that you see already accounts for the 16% when dividing the pie. So in your example if you see 15%, you would have seen 17.4% without a DC since the size of the PS pie isn’t changing.

 

[QUOTE=Sunvox;3578856]Don't know how much "truth" there is in it, but the company always states how the TECH OPS is actually a profit center as they do a lot of engine work for other airlines and other MX contracts for smaller airlines.