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What is comp like at a pension fund?
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7% and 10% profit sharing, yours is very low!
Thanks for confirming.
Let me guess, Ed Jones
Deloitte is effectively 1.5% and match is paid all at once vs at every check
Pro
Counterpoint. $500 ain’t great. But let’s make sure we don’t let the “401k match” tail wag the “job” dog here. Make sure you consider what your base salary is and what the $500 comes out to as a %. The $ difference may not be as crazy as you’d think, and your salary may be higher to adjust for it. Or you may place more importance on wfh versus other opportunities.
Counterpoint finished. Now, yes it ain’t great. I don’t know much about Edward Jones but yea, def check your total comp package vs what you can get elsewhere. (Besides the prestige of other firms over Ed Jones)
It’s not even a percentage point lol
If your salary is high, it may be why your match isnt. We get $250 for the first dollar contributed, then 5% match (on base and bonus) with a true-up provision. Full immediate vesting. Discretionary contribution (nominal), and an ESPP program (vesting schedule). Also, everyone gets a fully paid 28-day sabbatical every 5 years.
It's a $500 match across the board, unfortunately
Chief
5% match, no vesting period.
Started my career at IBM. They didn’t even have a match for entry level positions 😷
What is your pay? Is it much higher than if you left for competitor?
Pro
Up to 6% match (if you make under a certain amount), 5% if you make more than said amount or are the executive level.
Paid all at once at beginning of year vs every check.
Pro
Indeed.
Obviously your pre-tax contributions are 100% vested. But yes, the company’s contributions vest after three years.
Don’t think I’ll make it that far though, already looking to head to a new firm for higher pay.
5 percent match plus a 3 percent credit (upto 100K eligible comp). Used to go into a pension now gets contributed into a 401K.
5% match, up until a few years ago we offered a pension as well. Now they contribute 2% to a 401k + 5% match.
New York Life matches 100% of the first 3% of benefits salary you
save in the plan, and 50% on the next 2%.... there is also a pension plan in place as well.
8% match, 3% pension, 5-year vesting period
6% match plus a 2% bump for everyone who contributes. The 2% isn't a match, but a straight up contribution. If you contribute $1, you get $1 plus 2%.
Thew 2% is discretionary. They got rid of it for a couple of year but brought it back a year or two ago.
To be clear, it's not the discretion of a manager, but company-wide by the board.
4% match + 3% pension. So put in 4 and get back 7
6% in, for a max of 3% match.
After 1 yr of service: 100% match up to 5% of salary, plus additional 2% (3% at 10 yrs of service) of base salary once a year