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I have worked on multiple Google projects and tools, ranging from spreadsheets to Google Data Studio. Basis familiarity with the Google systems, I have applied to endless jobs in the organisation. However, I have no idea why is it sooooo difficult to even get an HR call for the screening.
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None of the big4 have good 401k benefits but you’re forgetting the additional pension/defined contribution plan etc they also offer that gets you an additional 2-5% a year in retirement benefits.
PwC automatically does 3% at an associate level, 4% at senior associate, and more at higher levels. You also get an automatic 1% if your base salary to begin with. Then they do 25% match on up to 6%. So as a first year associate, I contribute 6%, PwC does an additional 5.5%. Their contribution have a 5 year vesting period. I don’t think that’s anything to complain about🤷🏼♀️
The reason I am so bitter is because every $1 the firm could match will easily be 5-10x as much by retirement. Just a small improvement would make a huge difference for our young workforce, yet the firm is too cheap.
Because they want you to slave away well past 59 1/2. If you have too much in your 401k, how dare you retire early!!!
Pretty much the same at PwC
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Love wealth builder. Idk why it isn’t used as a recruiting tool more.
It also gets on my nerves that they only match once per year.
Baker Tilly gives 3% safe harbor, so technically not a match and you will always get 3%. It used to be similar with one annual contribution, but recently went to bi-weekly.
Also immediate vesting - I missed that part.
PwC is pretty similar, but then they also have a Wealth Builder program that puts in 4% (I think) of your yearly salary, no personal contributions.
I believe the wealth builder percentages increase with titles/years of service.
RSM’s contribution is 50 cents for every dollar, up to 6%.
5 year vesting/clawback and only paid if you are employed at 12/31 and have 1k hours. Not great, pretty terrible. Something something 3.6 roentgen.
BDO matches 25% up to 8% Years 0-3, and then 50% up to 8% after 3 years. 100% vested immediately.
Is it?
Same at Deloitte but up to 6% with a 4 year best I believe.
PwC is the same but they also have a wealth builder program which gives like 6% of your salary into a type of 401k-like investment every year.
EY is the same at 25 cents for every dollar up to 6% for the first couple years then bumps up to 50 cents for every dollar up to 6% after that. They also give a one time 4K contribution after 2 years of service.
KPMGs is the worst.
Gotta factor in the pension. With that it's not so bad.
My husband works for Citi. They don’t match for the first year. When they do match during your 2nd year with them, it’s a 1 time payment at the end of the year. And it’s only like 2%.
So I try to be grateful that EY is slightly better than some others…despite how crap EY’s match is.
Regional firm here, it's okay. 25% up to 6% - effectively 1.5%, plus an annual profit sharing contribution to that is usually around 4%. Similar vesting rules though. I've heard rumor at the MD/Partner level they get something like 7% profit sharing, but not sure how that wizardry works.
Rising Star
Most partners have to fund their own and they do the max contribution of $58k (for 2021).
My spouse has never had a 401k match (doctor).
Rising Star
Does she work for a hospital or private practice? If private practice I hope she funds the max of $58k (for 2021) herself. That’s how most law and actg firms work.
I’m pretty sure the vest is 5 years?