Profit Sharing Election – Due February 9, 2020
February 7, 2020
Sunday, February 9, 2020 is the deadline to decide on the deferral of any part of your earned Profit-Sharing payment into your eligible retirement account. This option is available for employees participating in the United Airlines 401(k) plans, PRAP, UK Group Stakeholder Plan, or CMI 401(k) Savings Plan.
If you want any portion of your profit-sharing payment to be deferred to an eligible retirement account, you must make that election using the tool available on Flying Together before February 9, 2020 at 2350 CT.
Unlike Vacation Buy Back payment, any retirement account contribution percentage you have elected be applied to your normal paycheck in not applied to your profit-sharing payout. Most importantly, any elections made in prior years do not carry forward from year to year.
With the exception of Flight Attendants at International domiciles who will receive their Profit-Sharing as part of the on-cycle paycheck which will be issued February 28, 2020, eligible employees will receive their profit-sharing payment on February 26, 2020.