End of 2019 salary survey
02-12-2020, 09:10 AM
#672
Gets Weekends Off
Joined APC: Jun 2015
Posts: 4,116
And also for the employee and employer. And how mich of each of those two contributors can provide in pre tax and after tax dollars.
02-12-2020, 09:37 AM
#673
Gets Weekends Off
Joined APC: Apr 2016
Position: Looking left
Posts: 3,418
I think BobZ and ackeight are saying they same thing.
(2019 numbers, no catchup)
Bob is correct that if the employee contributes their max $19K, then the company is ‘limited’ to contributing only $37K before the $56K limit is reached.
ack is correct that the $37K isn’t really a company ‘limit’ unless we are talking the situation above....if the employee contributes less than $19K, let’s say $0, then the company is ‘limited’ to their negotiated DC% relative to the 401(a) income limits of 280K...using the 16% that some legacies have, that would be $44.8K
(2019 numbers, no catchup)
Bob is correct that if the employee contributes their max $19K, then the company is ‘limited’ to contributing only $37K before the $56K limit is reached.
ack is correct that the $37K isn’t really a company ‘limit’ unless we are talking the situation above....if the employee contributes less than $19K, let’s say $0, then the company is ‘limited’ to their negotiated DC% relative to the 401(a) income limits of 280K...using the 16% that some legacies have, that would be $44.8K
Last edited by DWC CAP10 USAF; 02-12-2020 at 09:39 AM. Reason: .
02-12-2020, 02:27 PM
#677
Gets Weekends Off
Joined APC: Jun 2015
Posts: 4,116
02-12-2020, 03:51 PM
#678
Gets Weekends Off
Joined APC: Sep 2013
Position: On the hotel shuttle
Posts: 5,953
It's only a matter of time before this "back door" stuff goes away.
https://www.wsj.com/articles/after-s...xt-11579257004
https://www.wsj.com/articles/after-s...xt-11579257004
02-14-2020, 09:56 PM
#680
Hire me
Joined APC: Jan 2007
Posts: 406
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