6,529 (Plan-to-Plan Transfer, Drew Payne, Mike Haynes) Artwork

The SWAPA Number

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The SWAPA Number

6,529 (Plan-to-Plan Transfer, Drew Payne, Mike Haynes)

August 12, 2024 • SWAPA • Season 5 • Episode 17

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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