Any "Latest & Greatest" about Delta?
09-26-2014, 03:53 AM
Runs with scissors
Joined APC: Dec 2009
Position: Going to hell in a bucket, but enjoying the ride .
Posts: 7,730
09-26-2014, 03:55 AM
Runs with scissors
Joined APC: Dec 2009
Position: Going to hell in a bucket, but enjoying the ride .
Posts: 7,730
09-26-2014, 04:26 AM
Gets Weekends Off
Joined APC: Jul 2012
Position: A350
Posts: 629
So my question is: If my 401k maximum has been met for the year, what happens to the 15% I'm supposed to get from this unexpected profit sharing payout? Do they pay it and refund my contribution?
09-26-2014, 04:49 AM
Works Every Weekend
Joined APC: Dec 2007
Position: 737 ATL
Posts: 3,506
The 15% goes to your DPSP.
There's a 401k limit of $17,500 but then there's also a 415 limit of $52,000 (for 2014).
The 415 limit is the combination of 401k and DPSP.
The 15% will go to your DPSP unless you have already hit the $52,000 limit in which case it will be paid to you as regular wages.
09-26-2014, 04:50 AM
Runs with scissors
Joined APC: Dec 2009
Position: Going to hell in a bucket, but enjoying the ride .
Posts: 7,730
I think you'll just get it in addition to the PS, as 'cash' and pay taxes on it of course.
09-26-2014, 04:52 AM
Line Holder
Joined APC: Sep 2007
Position: Stuck in the north!
Posts: 75
I called Fidelity last week and they told me our payroll department would prevent us from going above the pre-tax 17.5k limit. He said there is no way we can go above the 17.5 pre-tax limit, there are to many preventative measures in place. However you can still make a post-tax contribution.
BFS
Last edited by BoyFromSouth; 09-26-2014 at 05:05 AM.
09-26-2014, 04:57 AM
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,599
The 15% is not covered under the 401k limit. It is covered under a different limit for total retirement funds which is around 52,000. If you have exceeded that it will be paid in cash.
09-26-2014, 05:05 AM
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,599
If it put you over 100 block hours in 28 days you should not have been awarded it. I think you might be confusing credit hours with block hours. There is a exception however. If you are swapping for a trip in Sep that creates the conflict in OCT the swap will be awarded and the conflicting OCT trip dropped WITHOUT PAY PROTECTION. The same thing can happen with a WS in Sep.
09-26-2014, 05:11 AM
Works Every Weekend
Joined APC: Dec 2007
Position: 737 ATL
Posts: 3,506
Check Essential meets his first cheerleader:
09-26-2014, 05:51 AM
Runs with scissors
Joined APC: Dec 2009
Position: Going to hell in a bucket, but enjoying the ride .
Posts: 7,730
Yeahbut...unless you made the 'correction' yesterday, it's going to be paid as cash, right?
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