Total Rewards. Your benefits and more
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1 Total Rewards Your benefits and more
2 Total Rewards at EY Total Rewards is more than just pay. Much more. It includes significant benefits, programs and policies that support your way of life. At Ernst & Young LLP, your Total Rewards package is more than just your pay; it also includes benefits, programs and policies to help you achieve success in all aspects of your life. As an employee, you ll receive a competitive base salary and have the opportunity to be recognized with variable pay based on your performance. The benefits offered are comprehensive: traditional health and welfare programs, as well as benefits focused on delivering financial, legal and family security; career growth and development; and the flexibility to meet your personal and professional goals. They work together to help you achieve your professional goals and ensure your physical, emotional and financial wellbeing. And you decide which ones are right for you today and which ones will help you create a solid foundation for your future. Our Total Rewards package is one of the many reasons we repeatedly win awards for being a great place to work. We are the only one of the Big Four to be named to FORTUNE s 100 Best Companies to Work For and Working Mother s Top 100 companies list for 16 consecutive years. Here s a quick look at the total value of working at EY. 1
3 Traditional benefits Medical coverage Provides a choice of high-quality health care coverage Open Access Plan options High-deductible health plan with Health Savings Account options Contributions deducted from pay on a pretax basis Dental coverage Offers coverage for preventive care and restoration services from any provider Higher benefits level for services provided by in-network dentists Contributions deducted from pay on a pretax basis Dependent Day Care Reimbursement Account Provides tax savings on eligible dependent care expenses Allows you to reimburse yourself for certain day care expenses for eligible dependents Allows you to contribute up to $5,000 annually on a pretax basis Health Care Reimbursement Account Provides tax savings on eligible health care expenses Allows you to reimburse yourself for certain non-covered expenses, such as co-insurance, deductibles, eyeglasses, contact lenses and certain over-thecounter products with a prescription Allows you to contribute up to $2,500 annually on a pretax basis Eyewear Benefits Offers the choice of two options The voluntary plan, which has a monthly price tag and provides a reimbursement allowance for frames and lenses The discount program, which is available at no cost Group Term Life Insurance Plan Helps provide financial security for your family in case of your death $10,000 coverage option $50,000 coverage option Contributions deducted from pay on a pretax basis Group Universal Life Insurance * Provides you with insurance protection and savings opportunities Coverage up to six times your base annual salary $5 million maximum Cash accumulation feature available Group Variable Universal Life Insurance* Provides you with insurance protection and investment opportunities Coverage up to six times your base annual salary Up to a $5 million maximum Equity-based cash accumulation Accidental Death and Dismemberment Insurance Provides additional protection in case of certain accidental injuries or death Coverage up to $1 million Contributions deducted from pay on a pretax basis We offer you a highly competitive Total Rewards package that recognizes the value you bring to our business. Available to eligible full-time and part-time staff of the US firm who are anticipated to work an average of at least 20 hours per week over the next 12-month period. * Availability subject to review by Marsh US Consumer and MetLife. Coverage available for you, your spouse, eligible same-sex domestic partner and eligible dependent children. 2
4 Traditional benefits (cont d) Business Travel Accident Insurance Plan Protects you if an accidental personal injury or death occurs while traveling on EY business or while commuting to or from the office No cost to you Pays benefits of up to $250,000 ($1 million for partners/principals, executive directors and directors) Short-Term Disability (STD) Plan* Protects you if an accident, illness or injury prevents you from working Eligible after three months of service Provided at no cost to you Benefits paid up to 100% of your predisability base salary Long-Term Disability (LTD) Plan* Provides you with a portion of your income while disabled Available at no cost to you, or if you choose to pay the premium, any LTD benefits received will be tax-free Pays benefits up to 70% of your pre-disability base salary Five-month waiting period Group Legal Provides you and your immediate family with access to local attorneys who provide a wide range of legal services, such as court appearances, document review, wills, family matters, real estate matters and debt collection A large network of participating attorneys Payment for plan coverage deducted from paycheck Bereavement Benefit Plan* Income to meet the short-term needs of surviving family members Four months salary to surviving spouse or key adult survivor, with a minimum benefit of $50,000 Survivor financial counseling to help plan for future income needs 401(k) Plan Helps you save for your retirement Eligible after completion of two full months of employment EY matching contribution, made at year-end for employees active on the last business day of the year: 25% of the first 6% of base pay you contribute after one year of service 50% of the first 6% of base pay you contribute after four years of service Wide range of investment options Rollovers accepted Immediate 100% vesting of both your contribution and EY matching contribution Loan provisions 529 College Savings Plan Save for future college tuition for yourself or someone else Earnings on your investment are not subject to federal income tax if you meet the withdrawal requirements No income restrictions, no enrollment costs and no annual maintenance fees Retirement Plan Helps you plan for your retirement No cost to you Early retirement option Competitive defined benefit formula Pre-retirement survivor benefit for your spouse or eligible domestic partner Post-retirement benefits Medical insurance for eligible staff members Life insurance for eligible staff members Available to eligible full-time and part-time staff of the US firm who are anticipated to work an average of at least 20 hours per week over the next 12-month period. * Subject to approval by Prudential Insurance Company. Coverage available for you, your spouse, eligible same-sex domestic partner and eligible dependent children. 3
5 Recognizing your contributions Variable pay Variable pay recognizes and rewards you for contributions that go above and beyond our everyday high expectations. Recognition awards, including thankyou e-cards, gift cards and cash awards, acknowledge exceptional short-term efforts or results. Promotion bonuses celebrate clientserving professionals when they advance to senior, manager and senior manager positions. Annual bonuses provide eligible US personnel with the opportunity to earn a year-end bonus. Bonus amounts will vary based on firm performance, individual rank and individual performance. Professional certification bonus and reimbursement Encourages people to obtain required professional certification early in their careers Bonus to eligible individuals for attaining required certification, such as CPA, within a specified time frame Up-front reimbursement of one certification review course and associated exam registration fees for all required certifications for the first time taking the exam Service anniversary awards Recognizes and celebrates those who have a long-term relationship with EY. All partners/principals and employees are acknowledged on milestone anniversaries Years of service calculation reflects all EY service, including paid and unpaid leaves of absence, service as an intern and time spent with a non-us EY member firm. Employee Referral Program This program rewards employees who refer qualified candidates for certain positions. If your referral is hired and you both meet certain requirements, you may receive a cash award. Explore your Total Rewards package at your convenience, 24/7, through the Total Rewards Connection online tool located in My People Link on the EY Home Page. Delve into each component in depth and access a personalized statement detailing all the facets of your Total Rewards. 4
6 EY is committed to providing you with learning, experiences and coaching to help you achieve your potential. 5
7 Supportive career environment Orientation Provides a comprehensive introduction to EY Extensive orientation kit with related welcome support materials Classroom training Peer advisor program Communications to support onboarding during the first year Professional learning and development EY is committed to providing you with the right learning, experiences, coaching and related resources to help you achieve your potential. We do this through EYU, our global learning framework. We provide you with the right learning (leadership training, non-technical learning and technical learning), which is fundamental to helping you gain the skills and knowledge you need to serve your clients. EY provides a structured curriculum while leaving room for flexibility to let you tailor your learning to meet your specific role and career goals. Included within this learning curriculum are more than 1,000 courses. In addition to this internal curriculum, the firm also reimburses approved external, job-related educational programs. You work on varied and stretching daily experiences and assignments to give you the opportunity to put your knowledge into action and develop new skills. Finally, you work with and interface regularly with some of the brightest minds in the business who will coach you to help you develop new skills and insights and transform your learning and experiences into practice. EYU offers numerous coaching programs from informal on-the-job coaching surveys to one-on-one executive mentoring to ensure that you will be coached by many people in different roles throughout your career and have truly meaningful conversations. Membership in business, civic and professional organizations Reimbursement is available for annual dues, fees and meeting expenses for certain organizations. Professional Networks and other groups Our Professional Networks welcome all EY people and provide opportunities for our people to connect with our clients, our communities and our culture. Members expand personal networks, exchange information and develop professional skills, all while working with leadership on their respective network s goals and marketplace opportunities. Our networks include: Black Professional Network EY AccessAbilities French Speaking Professional Network International Cultural Exchange Professional Network Latino Professional Network Pan Asian Professional Network Professional Women s Network The Central and Eastern European Professional Network Today s Families (including Fathers Forum, Today s Families Network and Working Moms Network, Caregivers Circle and Parents of Children with Special Health Care Needs) Unity Our lesbian, gay, bisexual, transgender and ally professionals network Veterans Network Support networks, such as: Cancer Support Group Military Family Exchang Flexibility We encourage our people to work with their leaders and teams to support and practice day-to-day flexibility so that people have the flexibility they need to succeed in their careers and in their personal lives. We also support formal flexible work arrangements (FWAs) for individuals who have regular, ongoing needs for flexibility. The FWA is designed to meet the needs of the individuals, their teams and the clients they serve. A formal FWA could be one of, or a combination of, the following: Reduced or variable hours Compressed workweeks Short-term seasonal schedules Telework, including working at home and other office locations Mobility Helps our people achieve their potential by providing diverse experiences Exciting possibilities include not only taking an international assignment or working on cross-border teams but also moving between service lines, industry sectors, functions and locations. These new and challenging opportunities can help you to accelerate your personal and professional development. 6
8 Your life: your well-being Promoting your healthy mind and body Establishing your financial security EY Wellbeing EY Wellbeing is an internal website that you can use to educate yourself and your family about health and wellbeing topics. EY Assist EY Assist has been in place for more than 36 years and can help you and your family members with a range of personal topics: Confidential consultation and referrals for family, legal, mental health, relationship and conflict resolution issues Guidance for managing life s transitions: expecting a child, marriage, empty nest syndrome, major illness or disability, divorce and retirement Child, adolescent and adult/elder long-term and backup care resources and referrals Education and scholarship information, summer camps and programs for children with special needs and College Coach Research and referrals for convenience services, including home and auto repair, pet care, products and services, dining, tickets, leisure travel, discounts and more Through EY Assist, you and your loved ones have access to webinars on physical and emotional health, support groups, online resources and referrals on a range of health-related and personal topics. Personal financial planning High touch and high tech financial planning services provided through Employee Financial Services at no cost to you Confidential and objective financial planning support Unlimited access to highly experienced financial planners via the EY Financial Planner Line Personalized financial plans and reports prepared for you A host of online resources available through the newly enhanced EY Financial Planning Center website Mortgage Referral Program Helps you find financing for your home Offers referrals to mortgage lenders for buying homes (including vacation homes) and refinancing existing mortgages Arrangements with several lending institutions Lactation Program Hospital-grade pump, travel kits and accessories available at no cost to all eligible personnel and their dependents Lactation consultation available to all eligible personnel and their dependents You don t have to go it alone. Call to speak with EY Assist professionals if you or a member of your family has a personal request. They can help you in real time; they can help you big time. EY Assist can help. 7
9 EY is instilling a sense of responsibility and accountability in its people for doing the right thing. I feel this through the incredible trust and space I am allowed in executing on my client team and other internal responsibilities... while also meeting my goals as a mother, wife and social being. 8
10 Your life: your well-being (cont d) Supporting your life College Coach Assists parents, EY mentors and their college-bound children in selecting schools, preparing applications, handling interviews and paying for college, including: Personalized counseling sessions through EY Assist Periodic webinars Help desk for questions Other web-based resources EY Discounts Enables you to shop online for nationally recognized products, services and entertainment at reduced prices One convenient national resource with competitive offers Includes discounts for books, cars, cellular plans, computers, entertainment, gifts and more Access to designated family members Offers change frequently Adoption assistance Helps you pay for the expenses associated with adopting a child under the age of 18 Pays expenses up to $5,000 per child, with an additional $1,000 for children with special needs Paid leave available for the caregivers Resource and referral services available through EY Assist Eligible after six months of service Matching Gifts program We encourage you to support higher education. The EY Foundation will match your gift, or your spouse s or eligible same-sex domestic partner s gift, to qualifying colleges and universities in the US. Gifts are matched to a maximum amount of $7,500 per participant, per school, in any one calendar year. Schools will be matched that reached a minimum of $2,500 in match requests each calendar year. There is no limit on the number of schools matched. There is no cost to you or to the school. Commuter benefits Allows you to pay for eligible commuter expenses Provides tax savings on mass transit passes, commuter parking costs and commuter bicycling expenses Convenient web enrollment and payroll deductions 9
11 Time off Vacation, holidays and personal days A minimum of three weeks of vacation with additional weeks based on your level and years of service Ten observed holidays Three paid personal days Prorated accrual of vacation and personal days in first year of employment Parental Leave Offers paid time off to new parents, foster parents or legal guardians with one year of service Six weeks of paid leave for the primary caregiver (in addition to shortterm disability paid leave) Two weeks of paid leave if you are not the primary caregiver Includes the birth or adoption of a child or establishment of foster care and legal guardianships Additional Days Off (ADO) Program Allows eligible employees to purchase an additional five or ten days of time off Funded through payroll deductions over 12 pay periods Annual ADO enrollment opportunity in February of each year Deductions taken for unused ADO are reimbursed to you Family Medical Leave Allows individuals with at least one year of service to take unpaid family medical leave for up to 16 weeks (four more weeks than federally required). Time off under family medical leave also may include intermittent days off, which in some instances may be paid. Family medical leave applies to: Care for your newborn, recently adopted child or foster-care child Care for a serious health condition that makes you unable to perform your job Care for a serious health condition of your child, spouse, eligible samesex domestic partner or parent (or other family members as required by certain state laws) Care for a service member who is recovering from a serious illness or injury sustained in the line of duty who is a spouse or eligible same-sex domestic partner, child, parent or nearest blood relative Casual illness The firm recognizes that you may occasionally be unable to work due to casual illness or injury and has not established a fixed number of casual illness days per year. 10
12 EY Assurance Tax Transactions Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com. Ernst & Young LLP is a client-serving member firm of Ernst & Young Global Limited operating in the US. Ernst & Young LLP, an equal opportunity employer, values the diversity of our workforce and the knowledge of our people Ernst & Young LLP. All Rights Reserved. SCORE no. KK1002 ED 0315 ey.com
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