JP MORGAN SITE:
- ASA Company Match Schedule
- 1 year of service = 20% of the first 6% you contribute to the plan
- 2 years of service = 30% of the first 6% you contribute to the plan
- 3 years of service = 40% of the first 6% you contribute to the plan
- 4, 5 or 6 years of service = 50% of the first 6% you contribute to the plan
- 7 years of service = 75% of the first 6% you contribute to the plan
TA SUMMARY:
- 1 year of service 20% of the first 6% a pilot contributes to the plan
- 2 years of service 30% of the first 6% a pilot contributes to the plan
- 3 years of service 40% of the first 6% a pilot contributes to the plan
- 4, 5 or 6 years of service 50% of the first 6% a pilot contributes to the plan
- 7 years of service 75% of the first 6% a pilot contributes to the plan
- 10 or more years of service 75% of the first 8% a pilot contributes to the plan
Added last step in table above.
- Company matching contributions deposited monthly.
New-hire automatic enrollment, must opt out if desires not to participate.
Non-discrimination test (highly compensated), pilots will be tested separately.
Joint Retirement Committee to discuss issues that may arise.
The TA appears to be the same as the JP Morgan site and the way it is laid out there. Looks like year 10 and up gets a bump in contributions and everyone gets
monthly company match. Instead of the annual company deposit.