401K and Employee Stock Purchase Plan
High premiums/ High deductibles are hard to work around
Ever since the ACE acquisition, benefits has remained largely the same - more options but also less coverage and more expensive
The benefits have become less generous since the merger with ACE. -All health insurance packages require a deductible. Previously, non-deductible plans were offered and the cost was cheaper. -You (and spouse) must participate in an annual health screening or pay a surcharge -The matching portion of your 401k is not paid until the following calendar year and you must be employed on December 31st in order to get it. -The pay is decent -No more profit sharing -No more pension -Stock purchase option is available -Insurance/benefit options will vary based on your home zip code -PTO is at or above average Overall, it appears the benefit options are now designed to be financially favorable for the company vs employees.
Average benefits at this company
PTO days for sick and vacation days, standard health plans, standard 401k deal.
Worst thing is they took away profit sharing after merger. All benefits have reduced since merger such as dental and vision.
Worst thing is they took away profit sharing after merger. All benefits have reduced since merger such as dental.
Respectable benefits package including 401(k), health insurance, paid vacation and paid national holidays.
Worst is high cost of health care