Which firms have 401k plans that allow for Mega Backdoor? I know KPMG does and think PWC does as well but Deloitte and EY do not.

like
Posting as :
works at
You are currently posting as works at

Explain mega backdoor like I am five. Is that when you only contribute to your traditional 401k plan for the tax benefits and then in 20 years roll it over/convert to roth IRA?

like

SA1 rollovers are not subject to the $6k limit, just contributions. If you worked one place for a long time and had $1M in your 401k you could roll it all into your IRAs when you change jobs or retire.

M1 ?

Can confirm PwC does

BCG does as well

Wish EY did this

Accenture and Avanade do. Max 15k/yr.

McKinsey does

Related Posts

Everyone complains about high healthcare costs in the US. I understand that it’s a complex problem including drug prices, insurances etc. But no one talks about the high physician salaries. Why do surgeons make near a million in the US while they make $250K in Canada?

The artificial supply limitation should end.

like

I joined EY this week. May i know whether are any good benefits to know during the first few months?

like

I am in the process of IVF due to my husband's male factor infertility. I am so grateful for the benefits that EY provides and wanted to know if there is any consideration for reevaluating those benefits? We know that IVF is incredibly expensive and for some of us, having children is a top priority. Does anyone know where or how we can petition for enhanced or shared benefits? I have ideas.

like

I have 21k in my savings account. Where should I put this?

likesmart

Hi there. Has anyone here invested in a manual car wash? If so, how profitable is it realistically and also what to look for when buying one? Thanks in advance:)

like

Celebrate azadi ka amrit mahotsav and reach your financial freedom when India will be celebrating 100 years of independence. 🇮🇳🇮🇳
DM me on 7019194829 for more details!!

Post Photo
like

Hi guys ,

In paris if you get a salary of 83 k + 1 BHK allowance and other benefits .is a good package to live and work comfortably. Please kindly suggest me.

Thanks alot

like

Received less salary this month also. (Same amount as last month)
Why is this happening? Too much tax 🥵

like

Interested in getting opinions on Wipflis benefits

like

Anyone here know anything about Unify Consulting? They reached about looking for senior roles to build their National Healthcare and Life Science vertical.

like

Hi, does anyone know when an employee becomes eligible for maternity/paternity leave at either Gilead, BMS, or Merck? For NVS, it’s day 1 of employment but not sure if that’s common within the industry.

like

Wanted to know perks and other benefits apart from ctc with citicorp provides to it's employees in india Citi Citicorp Citi India .

I have this question because while my HR discussion they not answered clearly stating company policies can't be disclosed.

like

If I am searching for an external audit position as a senior associate in public accounting particularly in the healthcare industry what is a competitive wage? Currently I am 1 year in as a senior associate at a top 5 firm and making less than 80k. I do not have my CPA yet but working at it. I have 3 exams left to pass.

likefunny

If anyone is looking for a job in healthcare…Crowe is hiring. Contact me for a referral.

like

Hi Fishes!

My cousin has moved to another company from DXC technologies.
In DXC, PF amount is not credited in to EPFO directly.
We have UAN and it looks like not activated.
How can we transfer PF amount from DXC to EPFO portal?
There is no relevant response from DXC till date.

like

Anyone knows about company Shopee. how is WLB here? what benefits it gives to employees?

like

For any Alvarez and Marsal fish, how has your work life balance been? Very interested in hearing from those in their healthcare industry group, but anyone is welcome to respond.

like

Rate my offer for a business valuations associate role at a boutique firm in Toronto:
- $90k + ~7.5% annual performance bonus
- $5k in clawback reimbursement
- will pay all professional fees throughout term of employment (CPA & CBV)

My background:
- SA1 in assurance
- Master of Accounting
- passed CFE, qualify in about half a year
- enrolled in CBV program of studies
- 24 yrs old

like

Has anyone been successful buying and renting real estate on the side that would be open to a chat or phone call?

like

Which trading platforms do you use in India??
As a NRI, how do you guys plan your investments?

More Posts

I still get really nervous before doing telehealth video calls! I'm never this way face to face.

like
like

We have sales people in Canada and the US, the Canadians make 150K CAD and down here it’s 150K USD, the Canadians argue they should be making 30% more than the US colleagues to be equal bc of the exchange! I explain the salary is dependent on the market data for them in Canada, WHERE THEY LIVE, and you can’t compare it to the US employees and the market data down here. Overall they are both in the 75th% for total comp. for their industry. Am I wrong?

like

Working as Investment Banking Associate(15 months)
Roles:
• Creating detailed company profiles, pitch books, management biographies and
industry overview 
• Preparing biotech Newsletter on weekly basis for senior management for strategic advisory
• Relative valuation including comparable and precedent transaction analysis
• Preparing a potential investor/acquirer database by portfolio analysis

Looking for opportunities, kindly refer

like

Will there be any work from home assistance ? Will it be mentioned in offer letter ?

like

11/24 check-in: Happy Thanksgiving to all who celebrate! What are everyone’s workout plans for today?

Post Photo
funnylikeuplifting

I work for a small management consulting firm and we want to expand our DD practice. How do you guys typically approach new clients and how important is a pitch/M&A expertise deck?

like

Hi all,
We have opening in
PwC India Government advisory in Pune.
Anyone having govt advisory experience from 2-8 years can please reach me out to discuss further.
PwC

like

Bonjour ici,
€50k est il suffisant aujoudhui avec l'inflation et 2 enfants pour un consultant senior (3 ans dexp) sur Paris? Quelle est la norme de salaire aujourdhui?
Merci!

like

Anyone know of a good app for healthy recipes with Macros etc.

like

When choosing the city to immigrate to Australia, to continue your career as leader coach in IT, which city do you consider has the biggest opportunities?

like

it me when someone say “good morning”

Post Photo
likefunnyuplifting

Hola friends! Help our friends in India or any other country's friends to get a job in Singapore.

like

How long are you typically on the phone each day? My phone time has steadily increased throughout the pandemic to around 6 hours per day

like

I have my on-site rounds starting now with Google , will one of my interviewers be my potential manager?

like

Hey Metafishies! I’m looking for a mentor for pivoting into AR / VR design. I’m a recent grad and Art Director in advertising but I have some translatable skills in UX that have netted me a good amount of student awards - I’m still so early into my career, but I see so much that I want to contribute to in this next advent of human interaction. If anyone has any connections or can chat about this I’d really appreciate it :)

like

Consultants, would you join the Fed is given the opportunity?

like

I think this is why my recent interviews haven't been going well - have been taking this approach too much haha

Post Photo
likefunny

Kyndryl Or Atos??

Kyndryl is offering 2 lakh more for Microsoft Technologies SME role

like

Defenestration as attorney risk management is not recommended - told you this one would be a scorcher!

Post Photo
likefunny

Additional Posts in Employee Benefits

I joined EY this week. May i know whether are any good benefits to know during the first few months?

like

At EY is I was reimbursed for a stationary bike 2 years ago. Would EY reimburse me for a road bike this coming year? There's a stipulation that says every 5 years but I'm not sure if that means for another stationary bike or if I can get a road bike and be reimbursed.

like

What is the salary for an entry level audit associate in NYC?

like

Interested in getting opinions on Wipflis benefits

like

Deloitte Cloud practice vs. Accenture Cloud practice. Which one is better?

like

I was under my moms healthcare policy until she lost her job in February. Am I able to enroll with EY even though I’ve missed open enrollment?

I do sales for a major engineering firm. Focused on new business and exploring new markets. Last year I was in the top 50% for order intake, and first in number of projects won along with number of new customers. I think this is extraordinary given the effort it takes to win new business.

For next year my goal increased by 2.5X, and less of what I bring in counts towards that target. I really enjoy my job but I will essentially be getting a large pay cut. Lost in what to do besides quit??

like

My firm doesn’t match my 401k — still worth opting in?

like

Changes in the healthplans are going to drive me to spend hundreds in out of pocket early on and I'll meet my deductible whether high or low. Any advice on how to choose a policy?

PwC 🐠 - health insurance coverage. What are the deductibles for the high-deductible plans? Still want to use the HSA. Thanks!

For advisory folks at KPMG, what's your meal limit for breakfast, lunch and dinner?

likehelpful

Does any firm reimburse for part time MBA ? Thinking of applying for Booth part time MBA

How common is it for a firm to contribute to an HSA on an employee’s behalf, and what is the largest contribution you’ve seen that an employer gives?

like

I have $30 remaining in my technology subsidy. Can I use it to pay part of a purchase of an earphone set worth $200

What are benefits like at Accenture?

How does pwc’s wealth builder plan work ?

like

EY folks, anyone get their Invisalign covered by insurance?

like

Who has the best parental leave policies? Need advice

like

Anyone use the Apple Card to buy iPhone on monthly installments and submit Apple statements for the cell reimbursement? Or do we have to buy phone through cell carrier?

like

Hi all, what are the mental health benefits at Deloitte?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal