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I wouldn’t take it unless you hate your job. If they think they can give you a 4% raise to poach you, what will they give you once you’re there?? They either don’t value you or think you’re overpaid for your qualifications.
Got offers for 40%+ above my salary and my company offered almost 50% to keep me.
Seconding this: you likely deserve so much more than that. At minimum, counter for 20%. If it spooks them, it probably wasn't a good match for you anyway.
I would consider negotiating. If it is worth bringing it up then don't be afraid to. The worst they can say is no.
How are benefits?