Ernst & Young Retirement Benefits Plan


The Five Strategies Compared

Akron Cultural Plan Community Update: EY Celebrates Artists of Color

We examined a baseline of traditional investment strategies and then compared them against those that also factor in PLI and DIAs with IIP:

For strategies that include PLI and a DIA with IIP, the value of these products is included in the total financial assets and considered part of the fixed income allocation. Thus, for strategies where an investor allocates a portion of their wealth to an insurance product, the amount invested in bonds decreases compared to the investment-only strategy.

In our analysis, PLI cash value are used to fund retirement income during periods of market volatility, allowing investors to avoid liquidating assets from their traditional investments that have fallen in value.

We divided the investors assets between the investments and the insurance products. Different product allocation combinations were simulated in increments of 10% of total annual savings for PLI and projected wealth at age 55 for DIA with IIP. Allocation percentages were capped at 60% for PLI and 30% for DIAs with IIP. For each allocation combination, we calculated the after tax retirement income that an investor can sustain in over 90% of the market return scenarios. We also calculated the legacy value at the end of the time horizon.

Experts You Can Trust

EY financial planners do not sell investment or insurance products. This means you receive unbiased guidance without any of the sales pressure you might have with other financial planners. EY financial planners can help evaluate your financial situation and address your questions about retirement planning and investment management. They have special training in Wespath-administered plans and other topics important to participants, such as the clergy housing allowance.

Physical Support To Help You Stay At Your Peak

We provide a choice of high-quality health care coverage, whether you prefer Open Access Plan options or a high-deductible health plan with a Health Savings Account option.

Gympass is the largest global network of gyms, bootcamps and studios. Gympass empowers employees to lead healthier lifestyles by providing access to over 10,000 fitness facilities in the US with a single monthly membership. Additionally, Gympass W, their new digital platform, provides employees access to streaming and on-demand workouts.

Through the EY Well-being Fund, we reimburse most US professionals for 75% of the cost of gym memberships, exercise equipment, ergonomic home office furniture and more, up to $1,000 a year.

For a second opinion on recent diagnoses and expert consultations regarding treatment plans for ongoing conditions, 2nd.MD gives employees and their eligible dependents and parents and parents-in-law, no-cost access to top physicians from top-rated medical institutions across the US.

Family-friendly benefits, such as Pathways to Parenthood, gives aspiring moms and dads help covering the cost of assisted reproductive technology procedures , adoption and surrogacy up to $50,000. And after a year of service, employees get 16 weeks of paid parental leave.

Pathways to Transition offers employees coverage of $25,000 for gender transition-related expenses not covered by a medical plan.

Learn more about how we support your physical well-being.

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Ey Offering Pension Buyouts To Its Former Employees

Heres an interesting bit of news that dropped in our inbox earlier: EY is offering lump-sum pension buyouts to former employees. There are conditions, of course. To be eligible, an individual must have left the firm prior to January 1, 2016 and wont be receiving benefits as of June 1, 2016 when the opt-in period begins.

Heres an interesting bit of news that dropped in our inbox earlier: EY is offering lump-sum pension buyouts to former employees. There are conditions, of course. To be eligible, an individual must have left the firm prior to January 1, 2016 and wont be receiving benefits as of June 1, 2016 when the opt-in period begins.

A couple of tipsters both informed us with the news and one provided some photographic evidence:

The buyouts arent too much of a surprise. Last September, the Wall Street Journal ran a story about a rash of pension buyouts that would be coming in 2016:

In coming months, employers including Newell Rubbermaid Inc. and E.W. Scripps Co. will try to persuade former employees to take their retirement money early, and in the form of a lump sum, rather than as a series of pension payments after retirement. In making the offers, they hope to get part of their pension liabilities off their books, and to cut the costs of maintaining their pension plans.

Financial Support To Help You Plan For The Future

The Pension Boards

Our 401 plans have multiple investment options and matching contributions, with gradual vesting on the EY matches beginning with two years of service and 100% vesting after five years.*

Our pension plan helps you plan for your retirement and includes early retirement options, lump-sum or annuity payout options and pre-retirement survivor benefits for your spouse or registered domestic partner.

EY Navigate offers a no cost financial planning service that helps you build a personalized path toward managing financial wellness.

EY Student Loan offers solutions for repaying student loan debt.

EY TaxChat, our on-demand mobile tax preparation service, connects eligible employees with EY tax professionals who prepare and file their return in a secure, online environment.

Learn more about how we support your financial well-being.

*For individuals hired on or after January 1, 2017. Participants hired before January 1, 2017, are 100% vested in the EY matching contributions, and all employees are fully vested at all times in their contributions.

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Ernst & Young Partnership Defined Benefit Retirement Plan

Please don’t reach out to us on live chat or our toll free number unless you’re dealing with a divorce.

  • Benefits accrued under this Plan are primarily pay related
  • This Plan is in the nature of a Cash Balance or similar plan, meaning that the Plan has a cash balance formula for determining benefits. For this purpose, a cash balance formula is a benefit formula in a defined benefit plan by whatever name that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount .
  • This Plan is known as a Floor-offset plan and is designed to offset for retirement benefits provided by an employer-sponsored defined contribution plan.


Unlimited Access To Financial Planning Services

At no cost to you, the Pension Boards-United Church of Christ, Inc. offers unlimited access to financial planning services through Ernst & Young Financial Planning Services to all retired members of the Annuity Plan with annuitized accounts, as well as to actively-contributing members. These services include EY Navigate and the EY Navigate Financial Planner Line. Read below for more information.

EY Navigate is a financial wellness service that helps you navigate your financial journey with information and tools for every stage of your life and career. You can evaluate your financial position, reach your retirement planning goals, or learn how to manage other financial concerns such as managing debt, budgeting, or understanding complex tax issues.

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Register For Ey Navigate Now

Visit the EY Navigate website at click Get Started and enter your 7-digit Member ID and follow the prompts. To learn more, please watch this introduction to EY Navigate.

The EY Navigate App has all the great features of the EY Navigate financial planning website that you can use on-the-go through your mobile device:

  • add your financial accounts to easily track your spending and budget all in one place
  • get one-on-one, professional, objective guidance from EY financial planners
  • use a unique set of tools to evaluate purchases, reduce debt, save, and more.

Download the app on the Apple or stores.

Financial Planning For Your Life

Ernst & Young: Companies Haven’t Set Hybrid Work Plans- Hosted by Kettle co-founder Dan Rosenzweig
  • Budgeting
  • Managing credit cards and other debt
  • Setting goals for retirement savings
  • Managing investment decisions
  • Comparing before-tax, Roth and/or after-tax retirement plan contributions
  • Making retirement distribution decisions
  • Evaluating insurance needs and options
  • Buying a home or car
  • Financing a college education

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Ey Pension Almost 12 Years In And It Says I Have 5k In Pensions What Does That Mean I Have 5k Only In My Pension Account

Ey3 how many drinks have you had tonight?

Looks like you cant retire yet. Back to work!

EY offers pensions?

Seems like you got hosed

5k a month after 12 years? Sign me up

Serious question – former EY alum, where do you go to check the balance of the pension?

The old pension was really good, now , still good if youre a lifer, but takes longer to build it up. Ive only been with firm for three years post MBA and have a defined benefit of $500 a month . I actually think this is one of the more undersold benefits EY offers

The Benefit To Investors

Following this methodology, strategies involving PLI and DIAs with IIP excelled overall against investment-only approaches although the implications must be couched in a bit of nuance, depending on whether the investor is focused more on retirement income than legacy. Here are six key insights on how the strategies compare:

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Retirement Benefits Plan Administrator

Job summary:Key responsibilities:To qualify, candidates must have:

  • English language skills – excellent written and verbal communication
  • Ability to develop positive working relationships with internal and external vendors and internal clients
  • Competent at exercising sound judgment, setting priorities, organizing, implementing and administering effectively in all spheres of accountability
  • Strong attention to detail, time management and ability to meet critical deadlines
  • Excellent computer skills, especially with spreadsheets, databases and word processing
  • Demonstrated maturity in dealing with different levels of staff in a fast-paced environment
  • Ability to maintain confidentiality of all data
  • Skills and experience managing projects and teams
  • Leadership ability
  • Subject matter expert on retirement benefits including knowledge of relevant federal and state regulations, filing and compliance requirements. These include ERISA, PBGC, IRS and DOL requirements
  • A minimum of 10-12 years related experience
  • Advanced degree or equivalent work experience
  • Certified Employee Benefits Specialist or Enrolled Actuary desirable

Dia With Iip + Investments Strategies Outperform Other Strategies In Retirement Income

9780471083382: Ernst &  Young

With DIAs with IIP + investments, the investor uses a portion of the balance to purchase the DIA with IIP and does not receive that balance upon death, boosting retirement income compared to other strategies. Projected legacy tends to be lower than PLI + investments but higher than the legacy from the investment-only strategy. The latter observation is a result of the DIA with IIP outperforming fixed income due to mortality credits and dividends.

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Ey Navigate Financial Planner Line

Through the EY Navigate Financial Planner Line, members can speak directly and confidentially with an EY financial planner, also at no cost to you. Financial planners are trained in topics of importance to Pension Boards members, including PBUCC-administered plans and programs. The financial planners deliver independent, objective, and confidential financial education and counseling, and can assist you with the following financial services:

  • Planning for retirement
  • Determining how much to save
  • Making investment decisions
  • Buying a home or car
  • Managing credit card and other debt
  • Financing college education
  • and more

EY financial planners do not sell investment or insurance products. They provide professional advice without sales pressure. To speak with a planner, call the EY Navigate Financial Planner Line at 1.877.927.1047, Monday through Friday from 9:00 a.m. to 8:00 p.m. .

Not sure where to start?

How Does The Ey Pension Work

A bit complicated. There is a part A and B. A is pre 2017, and builds payout in retirement based on years of service, age, and comp. B is 2017 and later, where the firm contributes a cash amount into an account for you. When you leave you can cash it out or accrue until retirement and get paid out then. All the details are on the MyPeople page, and you can see the amount of your cash balance on MYbenefits. This is all for non-partners, P/P have a fully different system.

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For Investors With A Higher Risk Appetite Integrated Strategies Remain Better

We performed the same exercise described above, except that we calculated the retirement income based on the amount that the investor can sustain in over 75% of the market return scenarios, reflecting the expectations of an investor with higher risk. Income and legacy do not improve as much, yet an integrated portfolio still provides benefits relative to an investment-only strategy.

Ey Drops Requirement For Partners To Retire At 60

Pension Plan Evolution

Rules in large professional service partnerships that impose age-based retirement requirements on older partners are most likely illegal, experts say, and leave those firms open to court action over age discrimination.

Colin Brown, 64, is seeking damages of more than $3 million.

The assessment of these age-based rules, by two legal experts, comes amid a landmark case alleging that Deloitte Australia’s mandatory retirement age of 62 breaches age discrimination law and after Ernst & Young revealed it had dropped a clause in its partnership agreement requiring partners to retire at 60.

Deloitte Australia partner Colin Brown, 64, is seeking damages of more than $3 million over claims the firm illegally tried to force him out of the lucrative partnership due to his age and move him onto a “consultancy agreement” that cut his annual income from $750,000 to $400,000.

He is also seeking a declaration from Deloitte that its policy of requiring partners to retire at 62 was illegal and that they will no longer impose it.

Andrew Jewell, a principal at employment law firm McDonald Murholme, said if Mr Brown is successful in his case it could prompt similar claims from partners at other big four firms who impose specific retirement ages.

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Social Impact Programs To Help You Connect To Communities And Each Other

EY professional networks celebrate our culture of belonging by helping our people expand their personal networks, enhance professional skills and engage with leadership.

EY provides skills-based volunteering opportunities so you can use your professional skills and business knowledge to make the most impact in our communitiesand your career development.

EY people can share their generosity through charitable contributions, such as support for education through EY Foundation matching grants, College MAP scholarships and donations to the United Way.

Learn more about how we support your social well-being.

Message From The Chairman

On behalf of E& Y Trustees Limited, I am pleased to welcome you to our electronic pension administration system provided by our third-party administrator, Willis Towers Watson. This self-service web application contains important information about your pension arrangements held in the Ernst & Young Retirement Benefits Plan .

The Trustee recognises that retirement planning is a complex process and we are continually reviewing the way in which we communicate with members. We hope that you are able to find the information you need quickly and easily on ePA.

We always welcome our members’ feedback, so please let us know if you have any comments or suggestions on how we can improve ePA.

Kind regards

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Very Importantthe Information On This Page Is For People Going Through A Divorce Or Attorneys Helping Their Clientsdo Not Call Qdrodesk For Retirement Account Information Unless It Is In Regards To A Divorce Qdrodesk Is A Private Company That Only Helps With The Divorce Process It Is Not Related Or Connected To The Retirement Account Listed On This Page This Page Is Provided For Informational Purposes Only


ERNST & YOUNG DEFINED BENEFIT RETIREMENT PLAN is a Defined Benefit Plan providing retirees with a predetermined monthly retirement benefit upon reaching a specific age. The retirement benefit paid to a retiree is typically calculated using a formula which often employs years of credited service under the plan and salary information. The retirement benefit is typically payable to the employee upon attainment of their normal retirement age for the remainder of his/her lifetime. Benefits under this type of plan are often referred to as accrued benefits. This type of plan does not maintain individual accounts for employees.

It is important to remember that under this type of plan, the Alternate Payee is typically not awarded a lump sum cash payment from the Plan. It is usually a requirement of the Plan that the amount awarded to the Alternate Payee be expressed in terms of a monthly benefit payable for either the lifetime of the Participant or the Alternate Payee.

Plan & Company Information:ERNST & YOUNG U S LLP

Emotional Support For Life’s Events And To Build Resiliency

Ernst &  Young Working Culture

EY Assist provides a range of leading-class support services to help you and your loved ones better manage life’s events and transitions. It’s your single source for 24-hour access to counseling and consultations. The following are available at no cost to you, and your family members in your household, on a completely confidential basis:

  • Up to 25 free visits per year/per issue with a licensed mental health clinician
  • Support during life’s transitions
  • Referrals for family, legal, mental health, addiction and stress management issues.
  • We Care provides a framework to understand the signs of when someone may be struggling with a mental health and addiction or other personal matter, and how to help.

    EY offers our people no-cost access to meQuilibrium , a digital support resource that helps employees learn how to better manage stress, build resilience and optimize potential. Created from over 20 years of research in positive psychology, resilience training and integrative medicine, meQ is scientifically proven to boost resilience and enhance overall well-being.

    Sleepio is our digital sleep improvement program that is scientifically proven to work. Sleepio will provide your Sleep Score, sleep tips and weekly guidance to improve your sleep and overcome sleep issues, such as insomnia.

    Flexible working empowers teams to mutually determine new ways of working that meet client needs, while providing time for what matters to you so you can fully engage in work and life outside of work.

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