Profit Sharing Predictions
01-02-2017, 08:01 PM
#1
Gets Weekends Off
Thread Starter
Joined APC: Jun 2010
Position: 747 Captain, retired
Posts: 928
Profit Sharing Predictions
Ok, UAL reports earnings on January 19th. With the 4th QTR behind us, anybody want to throw out an educated guess? My two cents worth is about 15% less than last year's PS Check.
01-02-2017, 08:15 PM
#2
Gets Weekends Off
Joined APC: May 2007
Position: A320 Captain
Posts: 1,982
I'm guessing 13.2% of W2. Slightly higher than last year.
01-04-2017, 04:17 AM
#4
Gets Weekends Off
Joined APC: Sep 2010
Position: EWR 777 Captain
Posts: 1,715
Not being snitty just saving myself the trouble of reposting my previous data pictures taken from the 10k. If you look up my posts the data is in there somewhere.
Answer: As of the close of Q3, profits EXCLUDING unusual charges were slightly ahead of last year while revenues were slightly lower meaning the percentage so far was slightly higher than last year. Expectations for Q4 are also slightly higher than last year.
Net net: my SWAG is 14%.
Answer: As of the close of Q3, profits EXCLUDING unusual charges were slightly ahead of last year while revenues were slightly lower meaning the percentage so far was slightly higher than last year. Expectations for Q4 are also slightly higher than last year.
Net net: my SWAG is 14%.
01-04-2017, 09:34 AM
#8
UCH Pilot
Joined APC: Oct 2014
Position: 787
Posts: 776
To make these elections, visit Flying Together > Employee Services > My Info > Benefits/Programs> Profit Sharing 401k Election. Employees who do not make a special one-time election will not have any contributions made to their company-sponsored retirement savings account.
01-05-2017, 12:27 AM
#9
Don't say Guppy
Joined APC: Dec 2010
Position: Guppy driver
Posts: 1,926
So if you put it in your PRAP, you will still get taxed, and will fill up your limit with "POST" tax money instead of pre-tax money. Seems to me the wrong way to go.
I wish the union would have advised us of this. I cost me a few thou of tax.
01-05-2017, 06:09 AM
#10
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Joined APC: Sep 2014
Position: Airbus 320 Captain
Posts: 481
I made the mistake of putting a lot of mine in the PRAP last year. I found out after that it doesn't go in completely "before tax". I don't remember the details, but it is a different category of income, and is treated different under tax law.
So if you put it in your PRAP, you will still get taxed, and will fill up your limit with "POST" tax money instead of pre-tax money. Seems to me the wrong way to go.
I wish the union would have advised us of this. I cost me a few thou of tax.
So if you put it in your PRAP, you will still get taxed, and will fill up your limit with "POST" tax money instead of pre-tax money. Seems to me the wrong way to go.
I wish the union would have advised us of this. I cost me a few thou of tax.
Last edited by rp2pilot; 01-05-2017 at 06:19 AM. Reason: Added text
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