How is PwC’s wealth builder plan different from the pension plans at the other big 4 firms?

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Yeah from what I’ve read, the PwC wealth builder basically acts like a 401k supplement. KPMG and D have cash balance pension plans, but I’m not sure if you can choose your investments like you can with a 401k. I don’t know what EY has

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As a person who just received an offer from PWC, its complete crap. When you compare % contribution at each level and other benefits, it's nowhere close to other consulting firms. Compared to ACN, you will make about 10k-20k less on average in retirement/stock option plan benefits

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ACN does $1 for $1 401k match up to 6%. In addition, they offer ESP at 15% discount. SMs also get RSUs with 1/3 vesting each year. ACN has the best benefits or at the very least better than D and PwC

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15% reduced price on stock option. You can contribute up to 10% of salary towards stock option. Plus up to 6% of salary is matched with 100% contribution by the firm towards 401k. This is at a consultant level and benefits get better at M level and above

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What’s a cash balance pension?

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It’s better and not all other big 4 do that

What does ACN offer?

Ey has a cash balance pension now as well, I was lucky and had the defined benefit pension prior, so that was legit the cash balance is worthless

Accenture1- what are you facts you’re looking at? Doesn’t sound right

EY1 - do you get to choose your investments in the cash balance pension? It sounds like no.

No it’s a pension so those are made by the plan administration

I assume cash balance pension is much like a 401k where you have an individual account with a total balance that's distributed at retirement

Versus a defined pension that says "we'll give you $x/Mo until death"

I'm not sure if EY has changed since I left a year ago but it used to be you get a defined pension and 401k both.

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