12.07.18 – 401(k) Match and Company Contribution

Friday, December 7, 2018

401(k) Match and Company Contribution

Since April 12, 2012, Flight Attendants on the 2012 Legacy American Airlines System Seniority List have been receiving a contractually negotiated special 401(k) Company contribution. This age-based contribution expires on December 31, 2018. (JCBA Section 26.G.3.e.)

Starting with the January 15th paycheck, those members who have been receiving the age-based contribution will revert back to the JCBA language in place for all Flight Attendants. It is important to note that as of January 1, 2019, you will still be eligible to receive both a 3% Company contribution and 2.5% Company match.

You will receive the 3% contribution no matter what you are contributing to your 401(k), however you must be contributing at least 2.5% in order to receive the Company’s 2.5% maximum match. If you contribute 1%, you will receive a 1% Company match. Those members who were receiving the age-based contributions should verify that they are contributing more than 2.5%, so that no one is going to be missing out.