Holy crap, I didn’t even realize that between 401k and PwC pension plan I accumulated $100K! 🙊

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I don't know about PwC, but the EY pension plan is top shelf. They quickly bleed you of your hopes and dreams, placing them in what I like to call "feelings purgatory". When you retire, those hopes and dreams are slowly funneled back into your life. This lasts for between 18 and 24 months, when you die.

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We have two parts to the plan. One is the 401k. PwC matches 25% of the first 6% of your base- essentially that is 1.5% of your base as long as you contribute the minimum 6%.

Separately, we have a retirement wealth builder program where they contribute 4% (at least- of goes up with levels, I’m a manager and I think it’s 5 now and goes up to 6 at director if I recall correctly) regardless of contribution.

The 401k match and the RWBP both are fully vested at 5 years.

Hope that helps

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I can't even buy a Chipotle bowl with mine!

likefunny

Can anyone please explain the difference between 401k and pension plan? I come from a country where these things work a little differently...

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All 100% vested

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Almost 6yrs

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I have $250k after 7 years

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Were you contributing more than the minimum or did you have really high returns?

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4-8% regardless of employee contributions depending on level plus up to 1.5% match on 401k

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5 years takes long as hell lol

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Omg what a great thing to realize LOL. Congratulations!!

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^^^

uplifting

Is it not convention for most employers (public or private) to match 100% on up to 5% of salary, so effectively up to 5%? So then you’re putting away 10% every year.

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Where do you find how much is in your pension?

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Yes, that’s the KPMG matching policy. Isn’t 10% the max or something? I feel like we talked about this in tax but that was so long ago lol

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Over what period of time?

I just came to the same realization about a year ago (with similar timeframe). Never felt like I saved a ton, so felt really good to see that.

What's the pension plan you guys have?

2.5 yrs and I accumulated $68k. $35k for pension and $33k for 401k.

Thanks PwC 6!

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