How Benefits Eligible Earnings Are Calculated

Benefits Eligible Earnings consider different measures of your compensation. The greatest compensation under all measures will determine your Benefits Eligible Earnings for the upcoming plan year.

Your BEE calculation depends mainly on your hire date, whether you are a Financial Advisor (FA), or whether you transferred to the United States from an international location:

You are:Your BEE is the:
Not a recent/new hire* and not an FA
*Hired more than two years ago
Greater of US Eligible Pay* or Base Pay
*defined below
A recent/new hire* and not an FA
*Hired less than two years ago
Greater of W-2 (if submitted), US Eligible Pay or Base Pay
Not a recent/new hire* and an FA
*Hired more than two years ago
Greater of US Eligible Pay or Base Pay
A recent/new hire* and an FA
*Hired less than two years ago
Greater of US Eligible Pay, Base Pay, W-2* or Trailing 12-Month Earnings* (T12)
*W-2 or T12 will be used to determine your BEE only if both are greater than your Base Pay or US Eligible Pay
International transfer*
*Transferred within the two most recent calendar years
Greater of Total Rewards, US Eligible Pay or Base Pay
You've been rehired:Your BEE is the:
Rehired within 31 days of leaving the FirmSame BEE as before you terminated employment; BEE is determined as if you never left the Firm
Rehired more than 31 days but less than 12 months since leaving the FirmGreater of prior year’s US Eligible Pay, current Base Pay or same BEE before you terminated employment
Rehired more than 12 months since leaving the FirmSame as a new hire’s; BEE will be recalculated
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