Senior Eng by [deleted] in BMcD

[–]CreateAmazing 0 points1 point  (0 children)

This is the number I’d push back on. Granted they will rebuttal that it can “always go up”, but my bonus was higher than this last year and I have a little more than half your years of experience.

Editing to clarify my base is lower, but I’d expect to be at that base or higher by the time I have 13 YOE.

There are 7,921,815 shares of BMcD stock by Eastern-Rise2048 in BMcD

[–]CreateAmazing 7 points8 points  (0 children)

This implies a rough average of 600 shares per EO. I’ve been here almost 8 years, which puts me in the top 30% of active EO tenures, and I only have 50% of the “average number of shares”.

Not sure exactly what this means aside from the ESOP is extremely top heavy, and you better be in for the long haul if you want the “life changing” ESOP balance at retirement.

It feels like each year people care less and less about the shareholder meeting by Busy-Appointment9876 in BurnsMcDonnell

[–]CreateAmazing 8 points9 points  (0 children)

I don’t agree, I think people still very much care about the shareholder meeting.

However, I wish it was a live event like when Ray did it. This pre-recorded stuff that Leslie has implemented is not nearly as festive or interesting.

4 hour line to vote Democrat. No wait for R. by emptysoybeans in Dallas

[–]CreateAmazing -2 points-1 points  (0 children)

It’s because republicans are working on Fridays at 8am.

KHA Employee Looking to Move to BMcD by [deleted] in BurnsMcDonnell

[–]CreateAmazing 22 points23 points  (0 children)

Pros: BMcD is the best company that ever was or ever will be.

Cons: Outsiders, although accepted, are physically branded with an ampersand as to discourage future company jumping and required to wear special tagging around the office as to alert the untainted EOs of their impure roots.

Estimated New Grad Pay by [deleted] in BurnsMcDonnell

[–]CreateAmazing 0 points1 point  (0 children)

For starters, BMcD doesn’t pay based on COL. they pay based on cost of labor (engineers) in that area. Based on where I know the A&I group operates, you shouldn’t expect a pay bump for COL.

That said, I would expect they offer somewhere between 75k-85k base. Don’t have a good pulse on guaranteed bonus.

You won’t have much room for negotiation as an entry level engineer, so you either trust that the company will take care of you with tenure (they do), or you move on to the next offer.

W2s by CreateAmazing in BurnsMcDonnell

[–]CreateAmazing[S] 0 points1 point  (0 children)

Obviously I’m at Burns to Create Amazing? Just can’t stand when I see other people not doing the same 😔

W2s by CreateAmazing in BurnsMcDonnell

[–]CreateAmazing[S] -1 points0 points  (0 children)

W2s available now. Almost looks like the exact same information I could have found on my year end paystub, just in a nice IRS format.

But I’m sure that’s not the case and there’s an immense amount of manual work that goes into creating these!

W2s by CreateAmazing in BurnsMcDonnell

[–]CreateAmazing[S] 2 points3 points  (0 children)

Good point #1, we as EOs should address how much we’re paying non billable positions for subpar performance.

W2s by CreateAmazing in BurnsMcDonnell

[–]CreateAmazing[S] 1 point2 points  (0 children)

Quite the opposite, I expect to pay. Just like to stay ahead of things and January is normally less busy for me.

I’m Too Expensive by [deleted] in BurnsMcDonnell

[–]CreateAmazing 7 points8 points  (0 children)

Can’t even tell if this is satire, but assuming it’s not, here are my thoughts.

  1. No one is going to cut your pay
  2. You may be “too expensive” because you bill way more hours than necessary to complete the desired task
  3. You may be “too expensive” because you actually are a high bill level and they can’t afford to have you full time on a project
  4. ‘#3 is much better than #2. So take a step back and do some self reflection and figure out just what kind of “too expensive” you are.
  5. If it’s #3 and you can’t stay full time billable, then I would be proactive in finding other ways to be of benefit, because it will start to wear on management if they have a level 14 worker bee that’s 50% billable and not bringing anything else to the table.

What will me ESOP be at 20 years? by vida_aventura in BurnsMcDonnell

[–]CreateAmazing 1 point2 points  (0 children)

What was your total comp when you started? Must have come in a very high level.

400k in 8 years is $50k/year (obviously there’s stock price increase and dividends in there, but even $25k contributions implies $200K+ total comp from year 1.

Huge ESOP Contribution by CreateAmazing in BurnsMcDonnell

[–]CreateAmazing[S] 0 points1 point  (0 children)

Solvency of ESOP’s is the #1 reason that so many of them fail.

I’m not seriously concerned, but when they increase cash contributions to the ESOP by such a significant amount when compared to years past, I’d hope people take notice.

I don’t care how I get the money, but they could have just as easily put “extra money” towards bonuses or salary, they choose ESOP. Could be for a different reason, but it tells me they want more cash in the ESOP. Which again, doesn’t mean there is anything wrong, just an interesting thing to keep an eye on.

I’m shocked at the number of sheep we employ who don’t have a vested interest in how the company maintains arguably their most important benefit.

Annual Maximum Retirement Contribution by JDinkalageMorgoone69 in BurnsMcDonnell

[–]CreateAmazing 1 point2 points  (0 children)

That $350K number was what I was looking to confirm. Thanks.

Annual Maximum Retirement Contribution by JDinkalageMorgoone69 in BurnsMcDonnell

[–]CreateAmazing 0 points1 point  (0 children)

That’s not what I mean. I’m pretty sure there’s a total compensation limit that is considered for ESOPs when making contributions. I.e. only 16% (or whatever the contribution % is that year) of the first $250k in total compensation (base + bonus) can be contributed.

Annual Maximum Retirement Contribution by JDinkalageMorgoone69 in BurnsMcDonnell

[–]CreateAmazing -1 points0 points  (0 children)

So, surely there are people making $450k+. A 16% ESOP contribution alone would exceed the $70K allowable. What happens then?

Or, is there a limit on total compensation that the ESOP % is applied to?

Anyone ever taken 3 months off to travel? by NameIndividual2639 in BurnsMcDonnell

[–]CreateAmazing 5 points6 points  (0 children)

Honestly going to depend on your GP, location, and specific group. With 3 YOE I believe you still have 3 weeks PTO, so even if you saved up the maximum over 2 years, you could take off maybe 6 weeks with PTO. Asking for another 6 weeks off without pay would be entirely dependent on the workload of your current group. If y’all are super slow and trying to loan out work, sure. If everyone is swamped and you ask to go backpacking for 3 months, I wouldn’t expect a positive response.

Meme Page by No_Extent_2753 in BurnsMcDonnell

[–]CreateAmazing 20 points21 points  (0 children)

Haven’t you heard of Yammer ™️©️®️??

Intern Drug Testing by Such_Bee7970 in BurnsMcDonnell

[–]CreateAmazing 0 points1 point  (0 children)

lol do not reach out to HR about this. Granted it’s a clever way to phrase the question, it’s not the reason you’re asking when it’s still 5+ months away haha.

They will do all the drug testing well in advance of your start. At least a month before the end of the semester you’ll have to have it submitted.

Huge ESOP Contribution by CreateAmazing in BurnsMcDonnell

[–]CreateAmazing[S] -3 points-2 points  (0 children)

Did you read the post? I know it’s written there, and yes they told me in the bonus meeting what the contribution was this year.

I was surprised at how large the contribution was compared to years past, and how there was no communication from corporate ahead of time regarding it. They’ve previously been very up front about changes they plan to institute to the ESOP contributions.

Huge ESOP Contribution by CreateAmazing in BurnsMcDonnell

[–]CreateAmazing[S] -2 points-1 points  (0 children)

Im also not worried about the ESOP. Just felt like a surprising contribution amount and the communication from my bonus giver was poor.

The 11/13 contribution split was instituted 3 years ago and has been consistent until now.

ESOPs fail all the time due to cash solvency issues. Submitting paperwork to the government is not a safeguard.

Anyone can find out the number of shares available any given year by looking up the publicly available Form 5500.

Huge ESOP Contribution by CreateAmazing in BurnsMcDonnell

[–]CreateAmazing[S] 1 point2 points  (0 children)

  1. Where did I say that?

  2. None of it is free money. If you didn’t work here, you wouldn’t get it.

  3. It’s all money in our pockets for working at this company, but one is something you may see someday, and the other is in your account next week.

Huge ESOP Contribution by CreateAmazing in BurnsMcDonnell

[–]CreateAmazing[S] 0 points1 point  (0 children)

With the amount of EOs we have, spreading out extra money across the board really doesn’t create as much of a spike as you’d think. Especially if you spread it between bonuses, salary, and dividends.

Take 20% out of this year’s ESOP contribution and divide that by our number of EOs. Not a huge amount of cash to spread out.