Michael Patel — Portal
Demo DAWPY Basis
Michael Patel
Principal, Credit · MainFirm
Base Salary
$390K
Target Total Cash
$819K
Unrealized Carry
$1.7M
Total Distributed
$0
Total Compensation Mix
Target Total
$887,465
Base Salary Cash Bonus Benefits
Component Est. Annual Value % of Total
Base Salary $390,000
43.9%
Cash Bonus (at target) $429,000
48.3%
Benefits & Perks $68,465
7.7%
Healthcare (firm share) $19,800
Dental & Vision $2,400
401(k) Employer Match $19,500
401(k) Profit Sharing $7,800
Life & LTD Insurance $5,265
Additional Perks (est.) $13,700
Target Total Compensation $887,465 100%
Benefit values are employer-cost estimates. Carry is annualized across a 4-year vesting period. Bonus shown at target performance level.
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Suggestions for a stronger mix
    Total Rewards
    Cash Compensation
    $390K
    Base Salary
    $429,000
    Target Bonus (110%)
    $819,000
    Target Total Cash
    Principal Performance Bonus Hybrid Effective 2024-01-01
    Payout Bands
    $257,400
    $429,000
    $682,500
    Meets
    Exceeds
    Outstanding
    Performance Level% of TargetBonus AmountTotal Cash
    Meets 60% $257,400 $647,400
    Exceeds (target) 100% $429,000 $819,000
    Outstanding 150% $682,500 $1,072,500
    Performance Criteria
    Primary: Credit underwriting quality, portfolio monitoring, and individual performance rating (min. 3.5/5.0)
    Secondary: Cross-functional collaboration and platform development contributions
    Benefits & Perks
    Health Insurance
    Plan
    HDHP + HSA
    Coverage Tier
    Employee + Family
    Firm Pays
    90% of premium
    Dental & Vision
    Included

    401(k) Retirement
    Firm Match
    100% on up to 5% of salary
    Profit Sharing
    +2% (discretionary)
    Max Firm Contribution
    $27,300/yr

    Insurance & Leave
    Life Insurance
    3× base salary ($1,170,000)
    Long-Term Disability
    60% of salary
    PTO
    25 days/year

    Additional Perks
    Firm HSA contribution $2,400/yr
    $750/mo transportation allowance
    $2,500 annual financial planning stipend
    gym & wellness membership
    Carry & Vesting
    Carry Grants (1)
    Grant #FundDateAllocation
    CG-2018-0005 APEF-VI 2018-06-01 $1.7M
    Distributions
    DateFundNet AmountStatus
    No distributions.
    Vesting Schedule
    DateGrantFundAmountStatus
    2019-06-01 CG-2018-0005 APEF-VI $417K Vested
    2020-06-01 CG-2018-0005 APEF-VI $417K Vested
    2021-06-01 CG-2018-0005 APEF-VI $417K Forfeited
    2022-06-01 CG-2018-0005 APEF-VI $417K Forfeited
    Documents
    FilenameGrantStatusSigned
    CG-2018-0005-agreement.pdf CG-2018-0005 Signed 2018-06-28