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Flight Attendant Individual Profit Sharing Update

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Source: AFA

Date: Jan 02, 2016

Source: Elines

The 2015 Profit Sharing payments are scheduled to be included in the March 1, 2016 paycheck for all eligible employees.  Profit Sharing payouts will be approximately 13.0029% of your 2015 annual earnings – a significant increase from last year’s 5.6658% payout. 

Flight Attendants who do not make a special election to defer some or all of the Profit Sharing into their 401(k) account (either pre-tax or their Roth 401(k)) or who do not qualify to make a special election, will receive their Profit Sharing in cash paid in the same manner in which the monthly paycheck is received – either direct deposit or as a paper check. To make a special election please visit United’s Flying Together website > Employee Services > My Info > Continue to My Info and Manager’s Toolbox > Profit Sharing 401k Election.

The Profit Sharing special election window is now open through Monday, February 8, 2016 at midnight Central Time.   

We encourage everyone to review the company’s publication and Q&A to ensure you are aware of the implications now that the payment is part of your regular paycheck. If you have additional questions we strongly recommend you contact your professional tax advisor prior to making any election.  

For any general questions about Profit Sharing, eligible earnings, statement printing assistance, or Profit Sharing calculation, please contact United’s Employee Service Center (ESC) at 877-825-3729 and select the prompt for HR Operations.

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