4.2% (Drew Payne, Brian August, Profit Sharing)

 Today’s SWAPA Number is 4.2%. That’s the profit sharing rate for 2021. After not posting a profit in 2020 due to the pandemic, it’s good to see our airline was back in the black last year, even if we needed some PSP money to do it.
This year’s payment is due on March 15, so on today’s show we are talking with 401k committee chair Drew Payne and member Brian August about some basics of profit sharing and how it works with our 401(K) plan to help our membership save for retirement.

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