KPMG updated 401k policy: 6-8% contribution, based on TC not base salary, with zero required contribution by the employee. Thoughts? Seems to be market leading..

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I like it, but I don’t like that they kept a vesting period & the match is done annually instead of per paycheck.

likesmart

This, Deloitte vests 2 years faster

It's better than zero but the vesting period means most employees won't get anything

smart

Are they keeping the pension or does this replace it?

No more contributions to pension, just 5% annual interest

helpful

Sounds like most people will be at 6%

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