Alaska Airlines is hiring pilots

[SlumTodd_Millionaire]

B Fund is much better than a 401k. It means the company contributes even if you don't, but you still own the money and can't lose it in bankruptcy. We only have a 401k at SWA, and it sucks.

 

[Cessnaflyer]

B Fund is much better than a 401k. It means the company contributes even if you don't, but you still own the money and can't lose it in bankruptcy. We only have a 401k at SWA, and it sucks.

Yeah it was all those newsletter pilots that killed it for you.

 

[DE727UPS]

AB fund probably means A fund and B fund. A fund is a traditional pension and B fund is a when the company takes a percentage of your pay that goes into a retirement fund.

 

[Cptnchia]

B Fund is much better than a 401k. It means the company contributes even if you don't, but you still own the money and can't lose it in bankruptcy. We only have a 401k at SWA, and it sucks.

We only have a 401K, (now,) at SJA and the company puts in 15% regardless of what we put in. Not all 401Ks are the same.

 

[SlumTodd_Millionaire]

We only have a 401K, (now,) at SJA and the company puts in 15% regardless of what we put in. Not all 401Ks are the same.

That's a B Fund.

 

[🦈💜]

401k is a pretty useful device for separating the employee from their money or, to put it in different terms, taking money that wouldn't have ended up in pockets on Wall St. and putting it there.

-Fox

 

[SlumTodd_Millionaire]

That sounds like a great philosophy if you want to retire poor.

 

[SpiceWeasel]

Is there any company (aviation or non-aviation) in America that provides a retirement contribution without requiring the employee to seed first.

 

[SlumTodd_Millionaire]

Is there any company (aviation or non-aviation) in America that provides a retirement contribution without requiring the employee to seed first.

Yes, a whole lot of them. Every airline with a B Fund is that way. Any company with a safe harbor 401k does, also. I automatically contribute 3% to my employees' retirement even if they don't contribute a penny.

 

[Cptnchia]

That's a B Fund.

No, it's a 401K. No where on any paper or on the Fidelity website does it say B fund. Even the company calls it a 401K. They are required to put 15% in because it is in the PWA. There is no more pensions for pilots at SJA.

 

[Cptnchia]

Is there any company (aviation or non-aviation) in America that provides a retirement contribution without requiring the employee to seed first.

Delta.

 

[SlumTodd_Millionaire]

No, it's a 401K. No where on any paper or on the Fidelity website does it say B fund.

That's because B Fund is slang, just like A Fund. An A Fund is a defined benefit program (what people traditionally refer to as a "pension plan"), and a B Fund is a defined contribution plan (what you have and I used to have). Most employers who have a defined contribution plan (B Fund) combine it with their 401k plan.

A straight 401k is what I'm stuck with now. I get nothing unless I make a contribution.

 

[mikecweb]

Delta.

I believe Alaska contributes 13%.

 

[SurferLucas]

I believe Alaska contributes 13%.

Correct

 

[SmoothLanderJ]

I believe Alaska contributes 13%.

That would be 13.5%, get it right!

 

[Malko]

Is there any company (aviation or non-aviation) in America that provides a retirement contribution without requiring the employee to seed first.

Raises hand !!! 401k $ for $ up to 6%, then and extra 1% on top of that. Also have a pension plan that the company contributes to. I love free $$$.

 

[123]

Any word of when the application window will open?

 

[fracguy]

A and B funds are company funded pensions