As we shared in late January, thanks to your hard work throughout the past year, eligible employees of both legacy US Airways and legacy American will receive a profit sharing payout for 2013 in mid-March. Employees eligible for their legacy airlines’ payout will have the opportunity to make a special deferral election to be applied to their profit sharing payout – a way of lowering your taxable income. For both airlines, the window opens Tuesday, Feb. 18 at 11 a.m. EST and closes Friday, Feb. 28 at 4 p.m. EST.
For legacy American employees, you may log into your J.P. Morgan account at www.retireonline.com. From the homepage, select the link for $uper $aver 401(k) Plan. Once there, select the “Contribution Amount” from the left Navigation Bar, and enter the percentage of your 2013 profit sharing payout that you would like to contribute to the plan. You may enter this amount in the fields marked “Special Election.” As with your regular contributions, you may make these contributions on a pre-tax, after-tax, and/or Roth basis. Please note: If you are age 50 or older, you may also elect to contribute a percentage of your profit sharing payout as catch-up contributions. If you do NOT want to make a special election for your 2013 profit sharing payout, make sure you enter zero percent (0%) in the fields marked “Special Election.”