KITTY HAWK CORP. 401(K) PLAN Contribution & Employer Match

How KITTY HAWK CORPORATION Supports Your Retirement Savings

KITTY HAWK CORPORATION provides retirement savings benefits through KITTY HAWK CORP. 401(K) PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

KITTY HAWK CORP. 401(K) PLAN Contribution & Match Policy

1. Employee Contribution Rates: Employees can contribute a percentage of their salary subject to the annual cap on elective deferrals set by the Internal Revenue Code.

2. Employer Match/Contribution Conditions: The Plan Sponsor elected to match 40% and 50% of the participant’s contributions for the years ended December 31, 2021 and 2020, respectively.

3. Vesting Schedule/Eligibility: All participant deferrals, rollovers, and Plan Sponsor contributions are always 100% vested. Eligibility requires employees to be at least twenty-one years of age and have completed three months of service.

4. It allows Roth 401(k) contribution.