UPS B plan
03-11-2019, 09:20 PM
#1
On Reserve
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Joined APC: Oct 2017
Posts: 15
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?
03-12-2019, 08:16 AM
#4
Gets Weekends Off
Joined APC: Mar 2005
Position: 767 captain
Posts: 2,695
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
"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
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