WN / DL / UA / AA New Pay, 401k and More

[Dxer5138]

UA 401K is 6% direct contribution and up to 3% match for 9% total.

Forgive my ignorance -- what's the difference between 401k matching and direct contribution?

 

[Salkadi]

Forgive my ignorance -- what's the difference between 401k matching and direct contribution?

Matching is what the company contributes as long as you contribute at least that much. (Typical).

Direct contribution is what you put in.

Example:
SWA matches dollar for dollar up to 9.3% of your salary, but you have to contribute at least that much also.
If you contribute 5%, SWA will match another 5% of your salary dollar for dollar.
If you contribute 10% (or more), SWA will match 9.3%.

 

[Green12324]

Forgive my ignorance -- what's the difference between 401k matching and direct contribution?

At my company there's a match and a direct contribution. The match requires you to contribute 6% of your own money, and the company matches half of that (3%.)

The direct contribution is what the company puts in regardless of what you contribute. So you could choose not to put any of your own money into 401k, and they would still contribute 6% on their own.

Between both the company ends up contributing 9% total. The match is a negotiated benefit, so wherever you get hired, make sure you're contributing at least the minimum amount to take advantage of it.

 

[Dxer5138]

At my company there's a match and a direct contribution. The match requires you to contribute 6% of your own money, and the company matches half of that (3%.)

The direct contribution is what the company puts in regardless of what you contribute. So you could choose not to put any of your own money into 401k, and they would still contribute 6% on their own.

Between the 2 the company ends up contributing 9% total. The match is a negotiated benefit, so wherever you get hired, make sure you're contributing at least the minimum amount to take advantage of it.

Gotcha! So (for example), direct contribution would mean that X company puts whatever % of one's salary into their 401k without the employee (I would obviously contribute more) having to put anything in? That seems pretty sweet!

 

[Green12324]

Gotcha! So (for example), direct contribution would mean that X company puts whatever % of one's salary into their 401k without the employee (I would obviously contribute more) having to put anything in? That seems pretty sweet!

Yep, you got it!

 

[jayjay]

That is the current pay scale. The compensation review is this spring and hearing it’s going to be a pretty good bump with everything going on. Also that pay scale doesn’t include longevity. 20 year top out is something like $140k

Schedules is 4/3 4/4 unless on relief. Relief schedules get posted mid month for the following month.

Working 16 days a month. 10 hour shifts but only work for 9.5 hours since there’s no actual break.

New dispatchers start out accruing 6 weeks worth of PTO. At 5 years of company seniority it goes up to 7 weeks. At 10 years, 8 weeks. And top out PTO accrual is 9 weeks at 15 years.

Dispatchers can sell their PTO each month if they so choose in order to make even more. On the flip side, they can choose to save their PTO and bid up to 12 weeks of vacation a year.

All SOC crew members including dispatchers receive a post tax transit/parking each month. $100 and $200 a month respectively.

Cost of living is definitely high in NYC but the majority of dispatchers rent/own in the suburbs of LI/NJ/CT where COL is much better than the city. The commute is not bad at all considering the majority of start/end times are off peak.

401k is a 5% company match and an additional 8% company contribution which totals to 13% company contribution

Can you expand on the PTO? Like, how many weeks of vacation are accrued along the years and what makes up for 6 weeks of PTO at year 1? And are we talking 6 weeks of PTO paid at 10hr per day??

 

[Shock-Diamonds]

Can you expand on the PTO? Like, how many weeks of vacation are accrued along the years and what makes up for 6 weeks of PTO at year 1? And are we talking 6 weeks of PTO paid at 10hr per day??

It’s actually 5 weeks (200 hrs) year 1, you start accruing it day 1 and can use it as soon as you build it. Yes 1 day is 10 hours.

 

[GroundPilot]

Can you expand on the PTO? Like, how many weeks of vacation are accrued along the years and what makes up for 6 weeks of PTO at year 1? And are we talking 6 weeks of PTO paid at 10hr per day??

Here is what it looks like. Up to 5 years in, 6-10, 11-15 and over 15 years