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6,529 (Plan-to-Plan Transfer, Drew Payne, Mike Haynes)
Manage episode 433798152 series 3324448
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Today's SWAPA Number is 6,529. That's the number of our pilots who are qualified to participate in this year's profit sharing transfer. A new provision in Contract 2020 allows pilots a one-time transfer of their profit sharing balances into the top ranked SWAPA 401(k) plan. Since it's a one-time benefit, it's important that our pilots understand the process and the details that could trip them up. So today on the show, we're going to talk with 401(k) committee chair, Drew Payne, and 401(k) director, Mike Haynes, about the transfer window, the process, and whether or not this year's transfer is the right time for you.
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