have the voices crept back in?

they are loweing it to 1% now....sounds like a sell off coming....

Huge reason I left Phi, 401k was just awful. That 16 percent direct contribution now is much better. Then 17 and 18 coming in next 2 years. I don't even see how PHI can call it a retirement plan, what you going to do with till you're 85? 

Even Buccee's matches 6%, you'd think a O&G operator would guarantee at least that much. 

6% is a very high match for ANY company. 4.7% is actually about average. let's not pretend some gas station's  6% is normal since most of them offer 0%

nobody said it was their responsibility but employees will go to companies that will maximize their investment. PHI is not one of those places unless it's close 

Not sure how you can say they are Profitable???  LOL   BRO with all the base openings and missed flights due to Lack of staffing on Pilots and Crew and bases OOS.....dude that math doesn't even remotely make sense...and I work for them....Not sure what your seeing but yeah we are not profitable....

said they were profitable bro. 

"This is 100% made up for all curious we are on track to get the additional match for 2023. They are not lowering the 401k and if anything they will probally be giving a cost of living raise next year based on the number of jobs openings and that the company is profitable "

THATS WHAT WAS SAID CHEESEDIK

 what you typed?????  "we should be getting the OTHER 3% because we are profitable???"  why should that even matter....we got hired to be matched at 6% and then they pull it away and tell us "work harder and IF we make goal we will match the other half"......Thats insane for our company to do that the last couple of years...as far as I am concerned PHI Health only does 3%...till the end of the year happens it is a roll of the dice.....

Is criminal.

I max every year.

Still don't have enough saved to retire before 50.

If there was no cap and I could put my entire salary of 100k a year in the 401 and I could evade all taxes from uncle sam and be done working tomorrow.

I only have 1.5 mil saved up and I'll be 48 in a few days.  Zero debt since 20 years ago when the bitch left. 

No kids.

Still winning.

Avionics career has served me well.

Eat $#!t losers.

a 401 than an ICS. you are taxed when you take out the money bro. anything is left in your estate gets taxed by who ever gets it. I can't believe the wife left your dumbass. lol

The rich don't pay taxes.

The idea is you never take it out.

The idea is if you put it all away then your tax base is 0. 

Live off the intrest and never take it out because you won't have to, because you'll have so much in there, you'll never spend all of the free intrest.

Are you all daft? 

No wonder you all bitch about pay.  I've never once asked for a raise in my entire life.  They know I don't need it because I live in squalor within my means.  Besides, in my early years I was already double stepped by supervisors because they recognized early on, I was the best. 

Getting married these days is a fools errand.  She left, like they all do, because the grass looked greener,  realized it wasn't, then tried to come back.....lol.  Nope.  Go find yourself some lame EMS pilot simp to take you back.  I'm one and done.  Got too much respect for myself to be someones doormat.

One of you losers should wife her up tho really.  She was a great lay.  Super smart. A bit lazy.  Mediocre cook.  Hated cleaning, but still did it, because she knew I wouldn't.  Oh, and loved to party.  Although pushing 48, I bet she's not doing much of that anymore.  Probably pressed into the work force for the first time in her life because well....the wall.  Ah, I bet she's a delight to be around.  Just like all you whiney hoes.

Balls on ya chin. 

you have to pay taxes on anything the money earns, too. it just keeps getting better with this idiot. lol

I don't think anybody is buying the "wife left because grass greener" story. You violating multiple restraining orders and doing jail time because of it is a story I could believe.

for the last 30 years the guru never thought he would have to pay taxes on his 401 money. holy crap that is freakin hysterical

Workover to make more to survive.  The pay salary sux at the company Bro.  It's the lowest in the industry. We can't fill spots bro even with that trickery "stipend" they are offering.  I shouldn't have to survive by doing work over and not enjoying my social life with a decent salary, keeping the company afloat. Maybe they should start paying more and they would see an increase in hiring

you are arguing with paid shills. their message is that the water is fine, if you dont like it, be quiet and keep working.  

the real answer is UNIONIZE OR QUIT. nobody in phoenix will ever care what you say, only what you do.

It's time for mechanics to unionize in PHI. If we don't PHX will continue the trend of poor pay and benefits.

200% on your first 3%. So 6%. You do 3%, you get 9%. You do 10%, you get 16%, etc.

News flash people 401K is a scam I contributed for decades and could have put my money in a savings account all those years and could have made more money. Its not really about the matching is more about the funds and stocks that they are investing your money in and how the market performs overtime.

You take the split option and put it in the external brokerage over at Schwab like I do.

Phi 401 vehicle offerings are pis-s poor at best.

If you find a decent one from phi's offerings, put cash in it....the market will tank and Phi will play the shell game with your cash and say, uh this fund sucks, we are dropping it ........for this other crap fund.......and the money you lost goes away with the tide and the 50% you had left in that crap fund gets shuffled to some other crap fund not of your choosing....only to eventually do poorly.

Ask this Avionics guru how I know.

Been there, played the shell game.  100% of my 401 is over at the Schwab side of the house today.  Yeah I take a 100 dollar hit every year for fees.  But it's f king worth it.

I decide how my money is invested.  If you had half a brain, you'd be over there too.

Are you saying that the 50% you had to put in PHI's 401k vs the schwab brokerage got completely wiped out? The heck were you investing in? They have an S&P 500 fund for goodness sake. (With an above market expense ratio, but still)

You can slip stream some money movement activity under the radar as long as you keep it flowing into cash and not purchasing anything on the phi side but the money market fund.

When it gets some accumulation slide that to the external when no one is looking...or a better time ...when they are switching account holders like from Mass to hartford to MFS to Empower....to whatever is next.  Use those big moves to move your lump sums.

I did that and now the lions share of my 401 is all Schawb......and the killing I'm making over there dwarfs anything on the Phi side.....hence the 100%

The avionics guy doesn't know how taxes or investing works.....

now

thanks for reminding me.

I think I'll do the same myself. You just saved me some money!

the guy straight up said since he won't be withdrawing any money against the principal, he won't have to pay taxes WHICH IS 100% NOT TRUE.