Merrill Lynch Benefits

3.6 out of 5 (17 comments)
Most talked about benefits
  • Health Insurance

    "This was probably the best benefit received. You have a choice of Aetna or Kaiser" (8 comments)

  • 401K Plan

    "Fidelity is okay. My plan varied from 0.7% to the max of only 5.1%. Big mutual funds with hefty prices including Dodge and Cox, Vanguard. I would…" (6 comments)

  • Maternity & Paternity Leave

    "Anywhere from 3 to 6 months off!" (5 comments)

Benefits Summary

  • High % reporting
  • Medium % reporting
  • Low % / No reports
  • * Employer Verified

Insurance, Health & Wellness

Financial & Retirement

Family & Parenting

Vacation & Time Off

Perks & Discounts

  • Employee Discount
  • Free Lunch or Snacks
  • Employee Assistance Program
  • Gym Membership
  • Commuter Checks & Assistance
  • Pet Friendly Workplace
  • Mobile Phone Discount
  • Company Car
  • Company Social Events
  • Travel Concierge
  • Legal Assistance

Professional Support

Employee Comments

  • Oct 26, 2014
    Former VP Marketing in New York, New York State

    Very comprehensive benefit program, need to dig into it, they offer a lot of reimbursement and benefits. Bad thing about it is that as time goes forward, packages get tighter and tighter and less is offered, but that's a factor of most business nowadays.

  • Oct 23, 2014
    Former Employee in Boston, Massachusetts

    Merrill Lynch has an excellent discount program through BofA (crazy crazy economies of scale with procurement). All other benefits are excellent as well, on par with comparable financial giants.

  • Oct 13, 2014
    Current Associate in Jacksonville, Florida

    Awesome benefits when it comes to time off and healthcare!

  • Oct 10, 2014
    Current Registered Phone Representative in Jacksonville, Florida

    5% matching after one year. Benefits through Aetna for Dental and Health are fantastic. Great death benefits for life insurance.

  • Oct 24, 2014
    Former Employee in Austin, Texas

    The cost didn't improve when Bank of America aquired Merrill Lynch and was less favorable for those with dependents.

  • Oct 6, 2014
    Current PMD Financial Advisor in Merrillville, Indiana

    Health care benefits is a complete managed care solution. Never a problem finding a competent healthcare provider and very few restrictions on hospitals, second opinions, and medicines. It's the best healthcare available and the dental care is equally good for an individual or a family

  • Oct 6, 2014
    Former PMD Financial Advisor in Colorado Springs, Colorado

    I am not sure... they have a similar package as many other banks or investment banks.

  • Oct 1, 2014
    Former Client Service Representative in New York, New York State

    The perks were very good. We received 3 weeks vacation to start and 4 weeks after 10 years. We also had a very good 401K plan. We also had a generous amount of sick days and the medical and dental plans were very good.

  • Oct 14, 2014
    Former Employee in San Francisco, California

    Best: 5% employer match after 1 year (401K). Fidelity monitors the 401K. It's okay.
    They have medical, dental, vision (you pay for all); company provides life insurance (one year of your salary)
    Worst: Aetna manages disability issues and they are abusive to work with. Over 100 page Employee Handbook which is ridiculous. If you are in an automobile accident, Aetna will come after the insurance provider for reimbursement of your medical expenses related to your accident. If they don't get paid, they will lien your salary and deny future medical benefits. This can be found in one paragraph embedded somewhere in this handbook. No pension, they just did away with that. Some employee discounts that get sent to your in-box on a regular basis, you never know what's coming.

  • Sep 11, 2014
    Current Employee in Rochester, New York State

    5% match on 401k. ok health benefits but my husband's company's were better. $240/mo daycare reimbursement for anyone who has salary $55k or less and AGI under $100k with spouse. Automatically get LT Disability insurance but dont get STD until you have been here a year (which would cover maternity leave coverage).

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