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Is anybody else here?
What is the culture like, type of work and reputation of Capco in the Data & Analytics space?
I have some good ex colleagues who moved over there and also looked up on LinkedIn and see lots of seemingly smart and accomplished people in their D&A team in the UK.
I'll ask my ex colleagues too, but wanted to see if people here have any opinion or information on this too.
TIA
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More to gain, more to lose with profit sharing. What is your risk tolerance? 401k is safe and steady if you believe we will continue the growth we had for the last hundred years despite the impending ramifications of doing almost nothing about climate change.
What? They call it profit sharing but it has nothing to do with a company making money. They can make a profit sharing contribution regardless. The only difference between a match and profit sharing is that an employee gets a profit sharing contribution whether or not they contribute themselves. A match or profit sharing can be discretionary which means the amount is subject to board approval (ex 6% match or 5% profit sharing) and can be $0 (ie not guaranteed). If there is a union or collective bargaining agreement there are most likely required contributions by the employer and have to be made.
We have 4% match and company has done ~9% profit share all 5 years I’ve been here. Profit share is obviously discretionary and vests.
Match can also be discretionary and can also vest
I was at a firm that offered 3% profit sharing. I'd prefer a 3% match in that case. The 3% matching is guaranteed - whereas the 3% profit sharing depends on if the firm makes money that year. In that case I'd prefer a 401k match hands down. However, if the profit sharing was more variable - i.e. the Company makes more money, I get more - I'd be interested in that if I believed in the Company.
Company does not have to make money to make a profit sharing contribution. It is a discretionary contribution that employees receive whether or not they contribute to the plan or not. Profit sharing contributions are great for lower paid workers that may not be able to afford 401k contributions themselves.