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The following information is from the TWU-IAM maintenance and Related Contract.
C. American Airlines, Inc. 401(k) Plan
1. All eligible TWU/IAM Association represented employees will participate in
the American Airlines, Inc. 401(k) Plan (“American 401(k) Plan”), a tax
qualified, defined-contribution retirement plan under Section 401(a) of the
Internal Revenue Code (“Code”), with a cash or deferred arrangement that
qualifies under Section 401(k) of the Code, that complies with the
requirements of Section 404(c) of the Employee Retirement Income
Security Act of 1974, as amended (“ERISA”), or an equivalent plan.
2. Employer Contributions
The Company, subject to any laws limiting the amount of benefit which can
be contributed to or accrued under a plan qualified under Section 401(a) of
the Internal Revenue Code of 1986, as amended from time to time, and its
regulations, will provide contributions under the American 401(k) Plan, as
follows:
ARTICLE 30 – RETIREMENT
(i) Employer Contributions for IAM Designated Employees: IAM
Designated Employees shall be eligible to receive Employer Matching
Contributions in an amount equal to one hundred percent (100%) of the
member’s Employee Before-Tax Contributions and Employee
Designated Roth Contributions up to a maximum Employer Matching
Contribution equal to four percent (4.0%) of their Eligible Compensation,
as defined in the American 401(k) Plan.
(ii) Employer Contributions for TWU Designated Employees: TWU
Designated Employees shall receive Non-Elective Employer
Contributions in an amount equal to five percent (5%) of their Eligible
Compensation, as defined in the American 401(k) Plan. TWU
Designated Employees will also be eligible to receive Employer
Matching Contributions in an amount equal to one hundred percent
(100%) of the member’s Employee Before-Tax Contributions and
Employee Designated Roth Contributions up to a maximum Employer
Matching Contribution equal to four percent (4.0%) of Eligible
Compensation, as defined in the American 401(k) Plan.
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