Sorry if I didn't see it in another thread, but I was wondering who the administrator is for the 401(k) and B-plan is at UAL?

Here at CAL we use Charles Schwab for both. We HAD T. Rowe Price (still wish we did).

Thanks.

 

Hewitt & Associates (aka Frank Russell). We have the option of creating a brokerage account with Schwab that is linked to our PDAP.

Returns seem to be okay on the limited funds FR has. I've pulled all of my money out when I was furloughed, both times.

Do you guys have a Roth option? Wish we could get that.

KC

 

We do have a Roth option, only had it about a year or so. I converted mine to a Roth a few months ago.

 

How was the process for that? The taxes are just paid out of the the balance of your account?

I was thinking of waiting until this whole merger thing shakes out and getting a new contract/raise first before doing anything with my conversions.

 

Wouldn't go back to T.R. Price if there was a choice.

ABSOLUTELY love the flexibility of the Schwab PCRA. If you're not using the PCRA, you just don't understand the options available. You can still buy all of the Price family funds using your PRCA. Better $7.95/trade. Totally self directed brokerage account. Stocks, ETF, Mutuals, Bonds...the only limits are some pink sheets and some option strategies.

 

Sorry EWR it took so long to reply,
I just changed my contribution rate of the traditional 401k to 0% and started contributing to the Roth by changing the contribution rate from 0% to 5% (since upped to 8%). When I look at my 401k mix I still have a the funds contributed to the traditional as traditional. I will pay taxes on it when I withdraw from that account. I figure as an F/O it is better to pay the taxes now at the lower rate. Later, as my tax bracket goes up, I will likely switch back to the traditional for tax purposes. I did all this online at the Schwab plan page. Just login to view your account and you can do all your account management right from that homepage. You can also set up automatic increases yearly by any percentage up to a maximum percentage at the beginning of any month. Example, every year on June 1 you can increase your contribution by 1% until you hit 15%.

 

OK, so you didn't "convert" your 401k. You just changed from contributing to the traditional to now contributing to the Roth option. My misunderstanding from the original post. I thought you did a conversion and moved all your money into the Roth option.

I agree. This is how I plan to do it as well.

 

I didn't do a great job of phrasing that in my original post. my bad