Janney Montgomery Scott Employee Benefits and Perks | Glassdoor

Janney Montgomery Scott Benefits

Location: US
3.1
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22 Ratings

Employee Benefit Reviews

Showing 1–10 of 22 comments

Most Commented

  • Health Insurance  (4 comments)

    “Only high deductible plans which are Very expensive. You pay the full cost of everything until you reach the deductible, and even then you're...”

  • Aug 24, 2017
    StarStarStarStarStar Current Advisory Account Coordinator in Philadelphia, Pennsylvania

    10 days paid vacation, matching 401k contributions up to 1% first year which increases every year you are employed by Janney, health insurance provided but not fully covered by company

  • Feb 04, 2019
    StarStarStarStarStar Former Employee in Philadelphia, Pennsylvania

    Horrible health and prescription drug coverage. Meds are cheaper without insurance at MANY pharmacies, including CVS. You will basically be paying for your own healthcare if you work at Janney because the deductibles are exorbitant. Two ENT specialist visits in 2 weeks cost me $870 because I had to pay the entire cost, plus another several hundred for the CT scan. Amoxicillin and other standard, generic prescriptions cost more with insurance than without (if you go to a different pharmacy than CVS.) Employees work while they're sick because they can't take time off, and they don't want to pay hundreds of dollars for one appointment, so you're likely to get sick too.

  • Jun 25, 2018
    StarStarStarStarStar Current Employee in Philadelphia, Pennsylvania

    Benefits are okay EXCEPT the high deductible health plans. There are three options, all with Independence Blue Cross. Gold, Silver, and Bronze, Gold having the lowest deductible (which is not low at $1,500.) Out of pocket maxes for out of network are quite high, $8,000 for the Gold plan. Monthly premiums are reasonable but high considering the high deductibles, and out of network/in network expenses do not cross apply. 4 weeks of parental leave, up to 3 months fully paid maternity leave if you've been with Janney at least 3 years. 401k match just increased to 2% as of 7/1/18 and will increase to 3% on 1/1/19. Still a little low, but there is a fixed contribution paid out in January, I believe. It takes 5 years to fully vest. There is also profit sharing once you've been employed with Janney for the first and last day of the year. Vacation is tiered based on how long you've been at Janney, 2 weeks for the first 4 yrs or fewer, 3 weeks for 5-9 yrs, etc. Of course you can negotiate for more if you've been in the industry for years and are likely already getting at least 3-4 weeks vacation. Tuition reimbursement up to ~$5,600/year. Overall, benefits are not great, but they're not bad. You can easily find better if you work for a big bank or asset manager. But then again it's the Philly job market, so good luck!

  • May 08, 2018
    StarStarStarStarStar Former Private Client Associate in Philadelphia, Pennsylvania

    The Employee benefits are very expensive.

  • Dec 05, 2017
    StarStarStarStarStar Former Employee in Philadelphia, Pennsylvania

    Very Comprehensive and complete benefits package

  • Jul 18, 2017
    StarStarStarStarStar Current Employee in Bedminster, New Jersey

    Health benefits could be better

  • Jul 10, 2017
    StarStarStarStarStar Former Managed Account & Mutual Fund Consultant in Philadelphia, Pennsylvania

    They recently instituted paternity leave to complement the maternity leave which is a great plus. The health insurance has gone the way of many other employer-delivered health plans, changed to a high deductible lower premium plan with HSAs.

  • Jun 05, 2017
    StarStarStarStarStar Former Employee in Philadelphia, Pennsylvania

    Did not have any benefits because I was a part-time intern at the time. It was not offered to me because of my position.

  • Jan 23, 2017
    StarStarStarStarStar Former Employee in New York, New York State

    Very low match on 401K plan and healthcare plan at about 3-4x the cost of other major bank programs.

  • Dec 15, 2016
    StarStarStarStarStar Former Employee in Sarasota, Florida

    401(K) match Dental covers basically nothing.

Benefits Summary


List based on reports from current and former employees. It may not be complete.

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Insurance, Health & Wellness

  • CheckmarkHealth Insurance (16)
  • Dental Insurance
  • Flexible Spending Account (FSA)
  • Vision Insurance
  • CheckmarkHealth Savings Account (HSA) (3)
  • Life Insurance
  • Supplemental Life Insurance
  • Disability Insurance
  • Occupational Accident Insurance
  • Health Care On-Site
  • Mental Health Care
  • Retiree Health & Medical
  • Accidental Death & Dismemberment Insurance

Financial & Retirement

  • Pension Plan
  • Checkmark401K Plan (16)
  • Retirement Plan
  • Employee Stock Purchase Plan
  • Performance Bonus
  • Stock Options
  • Equity Incentive Plan
  • Supplemental Workers' Compensation
  • Charitable Gift Matching

Family & Parenting

  • CheckmarkMaternity & Paternity Leave (14)
  • Work From Home
  • Fertility Assistance
  • Dependent Care
  • Adoption Assistance
  • Childcare
  • Reduced or Flexible Hours
  • Military Leave
  • Family Medical Leave
  • Unpaid Extended Leave

Vacation & Time Off

Perks & Discounts

  • Employee Discount
  • Free Lunch or Snacks
  • Employee Assistance Program
  • Gym Membership
  • CheckmarkCommuter Checks & Assistance (1)
  • Pet Friendly Workplace
  • Mobile Phone Discount
  • Company Car
  • Company Social Events
  • Travel Concierge
  • Legal Assistance

Professional Support

  • Diversity Program
  • Job Training
  • Professional Development
  • Apprenticeship Program
  • Tuition Assistance

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