Discover More About Your 401(k)

 

Let's focus on two important guidelines:

  • Get your savings on track early then give it time to grow.

  • Gradually lower your investment risk as you approach retirement.

To help you achieve these objectives and get the most from Delta’s 401(k) plan, watch the video that matches where you are in your career. Each video will provide you with a specific action plan based on how far from retirement you are.

You're Early in Your Career

Learn about the snowball effect and how you can start preparing for retirement now.

 

Watch Video

 

Get Your Action Plan 

You're About Halfway to Retirement

Understand the impact that contributing 1% more could have on your retirement income.
 
 

Watch Video

 

Get Your Action Plan 

You're Less Than 15 Years Away from Retirement

Find out the value of the Retirement tools on NetBenefits.
 

Watch Video

 

Get Your Action Plan 

How Much Should You Save for Retirement

Find out how much money you could need in retirement and if you are on track.

 

Go to the Planning Summary on NetBenefits to see where you stand against your retirement goal using the Retirement Analysis. If you haven’t set a retirement goal yet, you can do so by clicking on “Create your first retirement goal” to get a complete picture of your potential retirement income.
 

Go to the Planning Summary 

Your Delta 401(k) Retirement Plan

The Delta 401(k) Retirement Plan offers you different ways to prepare for retirement. Utilizing these options can potentially allow you to maximize your 401(k) for the future. 

Highlights for the 401(k) plan most Delta people have1:

  • Delta will contribute 3% in pre-tax dollars to your 401(k).
  • Delta will match your contribution dollar for dollar up to 6% of the eligible earnings you contribute to the Plan. For example, when you contribute 4% of your eligible earnings, Delta will also contribute 4% of your eligible earnings. And when you contribute 6% of your eligible earnings, Delta’s contribution increases to match your 6% contribution.
  • You may have the option to convert pre-tax dollars to Roth to potentially pay less taxes now than you would in retirement.
  • If you reach the IRS limit for 401(k) contributions, you can keep contributing on an after-tax basis to continue receiving up to a 6% match from Delta. 

Learn more about your Delta 401(k) on Deltanet.

Manage Your 401(k) Investments

Managing your investments doesn’t need to be a lot of work or require you to know a lot about investing. There are 3 options to manage your 401(k) investments.

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If you are not comfortable choosing your own investments, you can do what 28% of Delta people do which is invest in Lifecycle funds through the Delta 401(k) plan account.2 These funds are named “Lifecycle” followed by the target retirement date (e.g., Lifecycle 2045 Fund). You choose the fund with the year closest to your intended year of retirement. Then the fund’s investment mix is adjusted over time based on the intended target year for retirement. If you’re not using these funds, but are interested in changing your investment mix, you can explore options and make the switch to Lifecycle funds on NetBenefits.

Switch to Lifecycle Funds

 
*Lifecycle Funds are an asset mix of stocks, bonds, and other investments that automatically becomes more conservative as the fund approaches the target date and beyond. Principal invested is not guaranteed. Lifecycle funds may also be referred to as target date funds.

Maybe you want to determine the investment approach that’s right for you based on your financial goals and risk tolerance and manage your mix of investments on your own. You can build your own portfolio by selecting investments on NetBenefits.

Manage Your Investment Mix

You also have access to Edelman Financial Engines, who can provide investment advice through two service options. Online Advice gives you advice that you implement yourself at no cost. Professional Management provides fund selection and ongoing management of your plan by Edelman Financial Engines for an additional fee.

Contact Edelman Financial Engines

Looking for 1:1 support?

  • For investment advice, call Edelman Financial Engines at 800-601-5957, Monday through Friday, from 9:00 a.m. – 9:00 p.m. ET.
  • For questions about your Delta 401(k) Retirement Plan and other benefits, please submit a request via Ask HR.
  • Learn how Social Security can help supplement money from your 401(k) to help pay for retirement.
  • Know how to protect your 401(k) with a beneficiary.

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1 Information for the Ground Employees and Flight Attendants 401(k) Plan listed. For additional information on other 401(k) Plans (Pilots, Seasonals, Subsidiaries, Puerto Rico, etc.), please visit this link

2 Fidelity data for Delta’s retirement plan | September 2023