ABX Air Latest
04-24-2024, 06:21 PM
#643
Gets Weekends Off
Joined APC: Mar 2005
Position: 767 captain
Posts: 2,701
Does the defined contribution go into a separate account, like a money purchase plan, or does it go in your 401k which would have the effect of limiting your own contributions. Everyone I've heard of has a separate B plan type thing for this but when I asked an ABX friend he wasn't sure.
04-24-2024, 06:33 PM
#644
Gets Weekends Off
Joined APC: Jun 2017
Position: 777 Left window seat
Posts: 680
Does the defined contribution go into a separate account, like a money purchase plan, or does it go in your 401k which would have the effect of limiting your own contributions. Everyone I've heard of has a separate B plan type thing for this but when I asked an ABX friend he wasn't sure.
04-24-2024, 07:52 PM
#645
Gets Weekends Off
Joined APC: Jun 2006
Position: Left, right & center
Posts: 839
Does the defined contribution go into a separate account, like a money purchase plan, or does it go in your 401k which would have the effect of limiting your own contributions. Everyone I've heard of has a separate B plan type thing for this but when I asked an ABX friend he wasn't sure.
2024 individual contribution limits are $23,000 plus a $7,500 catch-up contribution if you're over 50. Maximum total contribution (individual + company) is $69,000. Even 12-year captains won't hit that unless they're working a bunch of overtime.
04-25-2024, 04:45 AM
#646
Gets Weekends Off
Joined APC: Feb 2007
Position: Fetal and Fatigued
Posts: 352
05-06-2024, 02:53 PM
#647
On Reserve
Joined APC: Jun 2023
Posts: 12
10 767-300's to the Amazon network this year! I wonder which ATSG airline is going to get them?
ATSG Expands Operations in the Amazon Air Network ATSG (atsginc.com)
ATSG Expands Operations in the Amazon Air Network ATSG (atsginc.com)
05-06-2024, 03:04 PM
#648
Gets Weekends Off
Joined APC: Jun 2006
Position: Left, right & center
Posts: 839
10 767-300's to the Amazon network this year! I wonder which ATSG airline is going to get them?
ATSG Expands Operations in the Amazon Air Network ATSG (atsginc.com)
ATSG Expands Operations in the Amazon Air Network ATSG (atsginc.com)
This projection assumes the startup of all ten Amazon-provided 767-300s prior to December 1, 2024, and costs associated with bringing them into service and adding over 50 additional pilots at ABX Air.
05-06-2024, 03:08 PM
#649
On Reserve
Joined APC: Jun 2023
Posts: 12
For those who can't read between the lines, it's in black and white in the earnings announcement.
It's a good day at ABX Air.
It's a good day at ABX Air.
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