UPS B plan
So after you meet the government max for the B plan what happens to the 12%. Does the contribution go into a Top hat program or get distributed as a cash payout or you only get the 12% up to the government max?
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You take a 12% paycut after maxing out.
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So the MPP (DC plan) is essentially capped at $466,666 of income for the year (12% of this is the $56k IRS limit for 2019). I would bet this encompasses 95%+ of the pilot group.
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No, it's 12% of a much lower number. If I read you right, you are figuring b plan and 401k.
"The 401(a)(17) annual compensation limit applicable to retirement plans increased from $275,000 to $280,000." So $33,600 from the company, $19,000 max from you towards the 56,000 limit. $3400 post tax if you want as a Capt. or make over $280,000. The $5000 catch up over 50 doesn't affect these numbers |
Thx for clarification
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