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SkyWest Employee Stock Purchase Program and 401K

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Skywest Pylot

Well-known member
Joined
May 18, 2005
Posts
338
I have been hearing rumors that the ESPP and 401K at SkyWest changed today. Anyone have details? Are they good changes? What kind of approval did the company seek from the pilots/employees?
 
I have been hearing rumors that the ESPP and 401K at SkyWest changed today. Anyone have details? Are they good changes? What kind of approval did the company seek from the pilots/employees?
ESPP is essentially a load of useless crap now.

Roth 401(k) will be offered.
 
Money saved by changing the ESSP will be redirected into a reintroduced Profit Sharing program. The Performance Rewards program will remain unchanged. The ROTH 401(k) option sounds nice. The changes may be of benefit to the HCE under the existing 401(k) plan. All things considered, these may be good changes.
 
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So will that apply to this 6 month period or does it start the next?

I can't find it anywhere so if one of you could post a link I'd appreciate it.
 
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If thats true, the program is useless. Only guaranteed 5% and with the way the stock moves it can move 5% lower in a day. Especially since it takes a few days for us to get our hands on it to sell it.​
Might as well put that money in a savings account.

Oh well
 

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