KPMG folks, why are there two 401k plans - KPMG and ML? Do people invest in both since they have similar asset classes? What's the point of having 2 plans? It's so confusing. What's the difference?

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The KPMG plan is a pension plan (funded by the firm) and the ML 401k is the typical 401k plan where you put money and the firm matches.

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There aren't two? What does ML stand for? Could be your previous employer lmao

Merrill Lynch

There are definitely two 401k plans.

Bro can you read?

Idiot.

Thx. K2 - I'm new to the firm so this is all new to me. I'm not sure why the pension plan is labeled a 401k . They are very different. It should say KPMG pension plan and not KPMG 401k. Also not sure why I should be able to select investment funds for a pension plan. I have pension plans with other firms and never had to do this. Sooo very confusing

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