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7.5 and no profit share dw
Thank you — that’s still good,
It’s not a match for us, it’s a guarantee 7.5% contribution from McK that goes to 401K
For admin and non-consultant roles, that number used to be 12% but is now also 7.5%
It’s 10% for those with 10 years tenure
I’m at the wrong company , man. 0% match. Most I have ever gotten in profit sharing is $700
Not entirely true, it's 5% to a cash value/defined benefit pension plan. The fund tracks t-bills and IBM keeps the spread🌈💫😉
Used to be 12% for non-client folks. 7.5% and the number goes for people that have more tenure with the Firm. And like others said, it’s not a match but from Firm contribution.
And FSPs
It’s 7.5% of (base + bonus ) so higher % of base.
Contribution regardless of how much you save
MSFT is 50%
Chief
Is this a dating app question?
The retired me will be happy. The working me would rather a nice bonus.
12% is for FSP / ESP roles
Not anymore
It’s used to be 12.5% for everyone at McK when I was there. Then around 2018, they dropped consultants to 7.5% (argument was people wanted more in bonus). Then more recently, support functions also dropped to 7.5%
Is there not a limit on 401k contributions? How do they account for that?
Yeah well unless you’re a partner making over 933K, not something to worry about
Don’t you have free healthcare at Bain? That’s my jealousy moment!!
Used to be 12% but they changed it awhile ago to 7.5% but those that have over a decade of experience at the firm get 10%.