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Second year tax senior salaries in Dallas Texas?
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I think EY is the only big 4 with a pension
EY is a low grade piece of shit
I think it's unheard of to even have a pension AND a 401k match at any other company.
PwC gets 401k match and a "wealth builder" account (it's a % of your salary and requires no contribution on your part, so kind of like a pension)
^^^ this. They aren't getting rid of the pension. They've changed the structure of it.
Regional firm here. We get a 3% salary contribution after 3 years, you become vested after 6 years. Most people don't stay that long.
We still have a pension.....
Did you actually watch the webcast??? We still have a pension, it's just not based on your highest three years salary, it's a cash balance. We get 1.5% match if you contribute 6% and after three (or four can't remember) it goes to 3% match for a 6% contribution. Plus now our match is paid each pay period. It used to only get paid in January for the entire previous year. If you left midway through the year you got none of your match. I like that improvement a lot. If you're wanting 10-15% matches, you'll need to get out of public accounting
Deloitte has both. Read up on cash balance pension plans. I think that's what pwc 1 is referring to. For Deloitte we get 1.25% if you put in 6% in the 401k. Then a cash contribution to the cash balance pension. Right now after four years with Deloitte my pension at 67 is estimated to be $135 per month. It will keep growing, but not like government pensions that are a percent of ending year salary,
KPMG 401k match 50% up to 5% contribution, pays pension after 3 yrs pf service, starts with 7k and grows every year
PwC weath builder is 4% of gross. Vests in about five years. 401k match is 25% up to 6% of gross. Or something like that