Kalitta Air (K4) Information
#3641
Tin Can Time
Joined APC: Jul 2013
Position: Entitled Newb
Posts: 169
Whipper snapper
Another dumb question, are you guys paid monthly, bi-monthly, every week??? Just trying to wrap my head around calculating DC into a 401k, plus my contribution and IRS limitations. This is now a concern of mine?!?! Are you maxing out on these limitations?
#3642
Banned
Joined APC: Mar 2013
Posts: 384
the second pay check of the month (unless you don’t turn in your per diem sheet on time) will also have your per diem and any hrs in excess of 64.
Unless you are planning to contribute post-tax to the traditional 401k side you will have nothing to worry about when it comes to the company contributions causing you to hit any IRS limits.
The IRS income limit for 2021 is $290,000.
290,000 * 6% = $17,500 which the max the company can put in based on a 6% DC
Your pre-tax contributions are limited to $19,500 (plus 6,500 catch-up if over 50). Your individual contributions will stop at the individual limits unless you specify that you want to keep contributing on a post-tax basis (which I do not know if the plan allows).
The max combined limit for 2021 is $58,00 (plus 6500 catch-up).
We do have a Roth option but I am not sure if the plan allows a Roth Conversion of post-tax $$ to the Roth plan (ie back-door) or not. Someone else might know.
Last edited by gollum; 07-02-2021 at 02:12 PM.
#3643
Tin Can Time
Joined APC: Jul 2013
Position: Entitled Newb
Posts: 169
bi-weekly pay of 29.53 hrs [ (64hrs x 12) / 26 pay periods
the second pay check of the month (unless you don’t turn in your per diem sheet on time) will also have your per diem and any hrs in excess of 64.
Unless you are planning to contribute post-tax to the traditional 401k side you will have nothing to worry about when it comes to the company contributions causing you to hit any IRS limits.
The IRS income limit for 2021 is $290,000.
290,000 * 6% = $17,500 which the max the company can put in based on a 6% DC
Your pre-tax contributions are limited to $19,500 (plus 6,500 catch-up if over 50). Your individual contributions will stop at the individual limits unless you specify that you want to keep contributing on a post-tax basis (which I do not know if the plan allows).
The max combined limit for 2021 is $58,00 (plus 6500 catch-up).
We do have a Roth option but I am not sure if the plan allows a Roth Conversion of post-tax $$ to the Roth plan (ie back-door) or not. Someone else might know.
the second pay check of the month (unless you don’t turn in your per diem sheet on time) will also have your per diem and any hrs in excess of 64.
Unless you are planning to contribute post-tax to the traditional 401k side you will have nothing to worry about when it comes to the company contributions causing you to hit any IRS limits.
The IRS income limit for 2021 is $290,000.
290,000 * 6% = $17,500 which the max the company can put in based on a 6% DC
Your pre-tax contributions are limited to $19,500 (plus 6,500 catch-up if over 50). Your individual contributions will stop at the individual limits unless you specify that you want to keep contributing on a post-tax basis (which I do not know if the plan allows).
The max combined limit for 2021 is $58,00 (plus 6500 catch-up).
We do have a Roth option but I am not sure if the plan allows a Roth Conversion of post-tax $$ to the Roth plan (ie back-door) or not. Someone else might know.
Thanks for the details Gollum.
#3644
Gets Weekends Off
Joined APC: Jun 2015
Position: Left
Posts: 1,823
I know a guy who may be training on the 767 fleet soon. Is it a good fleet to be on? What are the pros and cons of being on that fleet? How long is seat lock and the ability to bid another fleet if desired?
#3645
It is the less-desirable airplane of the three, but its only a 2 year seat lock from date of your line check
Pros: 99% domestic+Canada (YHM/YVR). For area of operation currency they typically operate an ANC-NRT and CVG-BRU/AMS/EMA trip every six months. Not stuck in quarantine hotels. Short legs.
Cons: Min rest transcons with hub turns (LAX-CVG 4 hour sit-GSO-RIC, min rest and back the other direction). Mostly night flying. Rarely break guarantee, and if you do its been a tiring month of flying.
Pros: 99% domestic+Canada (YHM/YVR). For area of operation currency they typically operate an ANC-NRT and CVG-BRU/AMS/EMA trip every six months. Not stuck in quarantine hotels. Short legs.
Cons: Min rest transcons with hub turns (LAX-CVG 4 hour sit-GSO-RIC, min rest and back the other direction). Mostly night flying. Rarely break guarantee, and if you do its been a tiring month of flying.
#3646
New Hire
Joined APC: Jul 2021
Posts: 1
I got a call last Friday the 2nd and was given an interview date of the 13th. I was told to expect a follow up email with the details for the interview but I haven't gotten anything yet. I take it since you already know where you are staying that you got your email. How long after they called you did you get the follow up email?
#3647
On Reserve
Joined APC: Jan 2021
Position: Captain
Posts: 17
follow up
I got a call last Friday the 2nd and was given an interview date of the 13th. I was told to expect a follow up email with the details for the interview but I haven't gotten anything yet. I take it since you already know where you are staying that you got your email. How long after they called you did you get the follow up email?
#3649
On Reserve
Joined APC: Jun 2014
Posts: 14
Hello guys... Are there still pilots at K4 that basically commuted from EHAM/EBLG (if living in Europe) or VHHH (if living in Asia)? If so, how hard it is to have scheduling start/finish your tip or you start/finish your flying at one of those destinations? Years pass I know of a few pilots that commuted from Thailand and the Philippines via VHHH, and those that live around Europe commuted from EHAM/EBLG because there was a flight every day to those airports. Yes, I know there is no such "official" language in your CBA; just wandering if this is still happening and if it is possible now? Any detail information would be appreciated, Thanks.
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