New PRAP replacing the PDAP
05-12-2014, 04:54 AM
#21
Line Holder
Joined APC: Oct 2010
Posts: 88
Delta R&I has chosen to eliminate the B plan and allow the pilots to transfer the accumulated funds to 401(K), rollover IRA, cash out, or an annuity purchase. They wanted to simplify the process and reduce the cost of administration going forward. As of Jan 1st, their 15% company contribution is now put in the 401(k) with Fidelity.
05-12-2014, 06:02 AM
#22
Gets Weekends Off
Joined APC: Feb 2011
Posts: 3,866
Delta R&I has chosen to eliminate the B plan and allow the pilots to transfer the accumulated funds to 401(K), rollover IRA, cash out, or an annuity purchase. They wanted to simplify the process and reduce the cost of administration going forward. As of Jan 1st, their 15% company contribution is now put in the 401(k) with Fidelity.
05-12-2014, 06:08 AM
#23
Gets Weekends Off
Joined APC: Dec 2008
Position: 777 Cap
Posts: 199
05-12-2014, 07:09 AM
#24
Gets Weekends Off
Joined APC: Apr 2012
Posts: 639
DAL has the same DC 415(e) limits as us, however any excess over the 415 limit does not flow into an RHA, tax deferred, like our does.
05-13-2014, 05:55 AM
#26
Gets Weekends Off
Joined APC: Dec 2008
Position: 777 Cap
Posts: 199
Otherwise, you are correct. One third of assets are in the brokerage, and there are substantial holdings in low cost ETF's and high priced mutual funds.
The new PRAP has total transparency on all fees allowing participants to fully understand what they are paying for.
The fee structure is very good, particularly on the Total Stock Market Fund. At 18/100 of 1%, it is darn near free, and not available for that price through the brokerage window.
05-13-2014, 02:37 PM
#27
Gets Weekends Off
Joined APC: Sep 2010
Posts: 1,253
There are a couple other restrictions besides UCH. Foreign Securities and MLP's that produce UBTI.
Otherwise, you are correct. One third of assets are in the brokerage, and there are substantial holdings in low cost ETF's and high priced mutual funds.
The new PRAP has total transparency on all fees allowing participants to fully understand what they are paying for.
The fee structure is very good, particularly on the Total Stock Market Fund. At 18/100 of 1%, it is darn near free, and not available for that price through the brokerage window.
Otherwise, you are correct. One third of assets are in the brokerage, and there are substantial holdings in low cost ETF's and high priced mutual funds.
The new PRAP has total transparency on all fees allowing participants to fully understand what they are paying for.
The fee structure is very good, particularly on the Total Stock Market Fund. At 18/100 of 1%, it is darn near free, and not available for that price through the brokerage window.
05-14-2014, 08:48 AM
#30
Line Holder
Joined APC: Sep 2013
Posts: 28
The other thing I'll note is that all of the R&I Chairmen over the last 20 years have been very good at negotiating reductions to fees and overheads in our plan.
Oly
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