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Just 401k.
Benefits were just okay when I worked there. Nothing special
BDO pensions are only for partners. And BDO has two types of partners. Fixed and variable. You have to be a fixed for 5 years before you’re eligible for variable (or being a sales machine will get you there sooner) and you have to be very good at sales to become a variable share partner. You have to be a variable share partner for 10 years to start earning toward pension. I hear the pension amount is sweet, but there is a long path to get there and it’s absolutely not guaranteed to all partners.
No pension but the 401(k) match is better after a few years. The traditional pensions aren’t great. The rather have the additional contribution like pwc gives through wealth builder or additional 401(k) match.
BDO starts at 25% up to six and goes to 50% up to six after 3 years.
EY starts at 25% up to eight and goes to 50% up to eight after 3 years. The pension is effectively 2.5-7% based on age and years of service.
So not sure how the match is better
Thinking of making the switch too. What’s your thoughts on why to go to BDO?