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4 years today. #grateful #keepcomingback
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EY has not had covid benefit changes (other than a year of minimal raises and bonuses - but mostly made whole with highly significant comp adjustments this past cycle and historic bonus payouts). 401k is 50% of 6% (starts at 25% and ramps to 50%). There is also a separate defined benefit cash balance pension plan - contributions from the firm are based on a formula and they guarantee you a 4% return. This plan was put in place 4/5 years ago and replaced a traditional defined benefit. Benefits accrue more slowly under the new plan
I thought they discontinued the 401k match? At least since Covid.
If you’re talking about KPMG. They haven’t postponed it, it’s just halved.
KPMG pension will be gone officially soon. Not sure why they haven’t announced it
Yep, and “strategically” going to announce it after our measily VC as if that will somehow soften the blow.