Accenture 401(k) match, vesting and fees

The audit report attached to the Accenture United States 401(k) Match and Savings Plan's plan year 2023 Form 5500, page 32 says: “Contributions to the Plan – The Plan provides for employer-matching contributions. Effective September 21, 2007, the matching contribution was raised to 100% of a participant’s 401(k)/Roth 401(k) contributions (not exceeding 6% of compensation) for certain workforces within Accenture. Effective September 1, 2015, Accenture reorganized to align employees to designated Career Tracks instead of Workforces. Depending on a participant’s career track, the matching percentages were 100%, 83%, 66%, or 50%. Effective May 5, 2017, the Plan was amended to reflect that employees classified as being in Client Delivery & Operations aligned with Agility Services are not eligible for matching contributions. Effective September 1, 2017, the Plan was amended to provide for qualified non-elective contributions to be made to the Plan on behalf of employees whose terms of employment are covered by the McNamara-O’Hara Service Contract Act of 1965, as amended (the “SCA”) in satisfaction of the Employer’s minimum health and welfare requirements under applicable wage determinations in accordance with the SCA. Effective January 1, 2019, the Plan was amended to reflect grandfathering rules for the matching contributions credited to certain positions. Effective January 1, 2020, the Plan was amended to provide that all match-eligible employees (other than those who participate in the Accenture US New Pension Plan) will receive a matching contribution of 100% of their 401(k)/Roth 401(k) contributions (not exceeding 6% of compensation). Match-eligible participants who participate in the Accenture US New Pension Plan were not affected by the amendment and continue to receive a matching contribution of 50% or 66% depending on their Career Level and service alignment on February 28, 2020 (not exceeding 6% of compensation).” Plan terms may have changed; check your current Summary Plan Description.

The audit report attached to the plan year 2023 Form 5500, page 32 says: “A member is fully vested in his or her account balance at all times, with the exception of the employer-matching contribution subaccount. A member is fully vested in his or her employermatching contribution subaccount after completing two years of service. In addition, a member is fully vested in his or her employer-matching contribution subaccount if his or her employment terminates due to retirement, disability, or death. Special vesting rules apply for members who were profit-sharing members of the Accenture United States Profit Sharing and 401(k) Plan as of December 31, 2003, and members who had attained age 21 and completed at least one year of service as of January 1, 2004.”

The recordkeeper listed on Schedule C of the plan year 2024 filing is Merrill Lynch,pierce,fenner&Smith. The plan administrator is Accenture LLP.

Your account stays in the plan until you move it. Contact the plan administrator (Accenture LLP, (312) 693-5009) or the recordkeeper, Merrill Lynch,pierce,fenner&Smith. The Accenture old 401(k) page lists the contacts from every plan filing. Find an old Accenture 401(k)