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Re ESPP: the stock is purchased every six months, in may and November. You contribute to your purchase via paycheck withholdings and the stock is purchased in a lump sum at the end of the six month period. Your purchase price is the average daily price of the purchase date minus the 15% discount. Any price swings in the six months leading to the purchase date are immaterial
It may be worth noting (given your title) that the Managing Director (partner-level) stock program (VEIP) is different than the ESPP. If you were to being considered for an MD position, we get a larger match (1:2 up to 30% of total comp) but as a RSU with multi-year maturation (golden handcuffs) and we lose 401k match.
1. Yes we have. Not understand your question.
2. The limit is just base on the IRS. It can be allocated to either Roth or not.
3. The program works as you opt in and they start taking money out of paycheck then there is a buying date where the shares are "bought" that is the price it is paid. There are two dates on the year. Hope that helps
Typo, I meant $19.5k... thanks for the catch!
Regarding 2, yes there is a max on company matches. This is because companies technically are able to match 100% of your contributions, making the yearly limit $39k ($19.5k from you, 19.5k from them). But companies are cheap so they almost never do that, unless you’re self-employed and you make the rules for your company haha.
Oh cool. That’s great.