Benefits question: Is 401k matching pretty much the same across firms? Firm match 25% of 6% of salary contribution and grows by tenure?

Same 401k match, but we have a secondary account that gives a % of salary that increases based on staff class that is effectively an increased 401k match and subject to the same vesting period.

Accenture is 100% up to 6% after your first year

Yeah that's deloitte's match as well, but we get the pension

BCG doesn't match, they just deposit a % (based on level) into your 401k regardless of what you do.

That's called pension, Booz used to have it too 🙄 used to be 10% pension. Now it's 100% match up to 6% (vested immediately).

We call it 'Wealth Builder.' Same concept but based on staff class. At the director level it's 7% of salary.

Hmm, for EY, Match goes up to 50% of 6% after 4 years. But starting 2017, for manager and below who completed 2 years there is a lump sum match vested within 5 years. Plus pension paid 100% by firm. I guess thats not too far off.

What does McKinsey or Bain offer?

@A1 it's 5-10% of eligible comp (base + bonus)

I'm a fan of BCG's approach. Matching has the unintended consequence of punishing those who are (1) stupid or (2) in a tough financial spot where they cannot save. Both classes need more help than the average consultant.