Current and former employees report that John Deere provides the following benefits. It may not be complete.
Showing 1–10 of 389 comments
“Expensive monthly fee and high deductible. ”
“No fees, good match, can invest in ANY Fidelity mutual funds”
“Not much there. For example regular prices are about the same ”
salary is great starting out,
Great 401K with variable 6% match based on company performance, 10% match on first 6% deferred last few years. Fidelity managed plan with good investment options for pre tax and Roth, no after tax available. Older employees still have a defined benefit pension, new employees just have a cash balance plan. Employee stock purchase plan but no discount on shares provided. HSA with $1400 annual company contribution for family plans. HDHP choices are poor with very little coverage, no maternity coverage prior to deductible. Very high deductible and out of pocket expenses makes starting a family expensive, healthcare plan is pretty crummy. Recently implemented 8wk paid parental leave for birth/adoptions/etc, very good benefit that you have a full year to use in 1wk increments. Do provide a healthcare FSA and dependent care FSA if needed. Decent base pay and short/mid term bonuses if you live in midwest, company is becoming more open to remote work for salaried employees. Performance metrics for bonuses continue to have goal posts moved which will effectively be a pay cut when not at the peak. No cost of living increases, all merit increases are performance based. Salary ranges are adjusted annually, but not your position within the range. Any merit increase based on performance is adjusted in spring after fall reviews. Company did provide a blanket 8% base pay increase in fall 2021, this is the exception and not the rule. 10 days starting vacation for new employees plus holidays and a week off between Christmas and New Years. Can accrue up to 25 days over time. I would like the ability to cash out my traditional pension to an IRA at retirement, ability to contribute After Tax to 401k to utilize Mega Backdoor Roth, better healthcare with lower deductibles and out of pocket expenses with maternity and mental health coverage, discounted employee stock purchases. Otherwise, good company albeit with a conservative management structure and risk averse middle management. Current CEO transforming from a manufacturing to a tech company, not afraid to reorg tenured employees out of a job or close facilities in the name of new strategy and share price. People used to work for this company for life, can’t say the same anymore.
all as per industry standard
Annual bonus, 401k, pension are all solid
401K was good, and well managed by Beneficial.
very good company to work for.
Great 401k match. Usually 10% if company has a decent year. Bonus plan was cut to make the payout targets harder to attain. Health insurance is on par with other large companies. Plans have high deductibles so you still need to pay up before insurance kicks in.
The benefit package was fairly good. However, I got injured on the job and was fired instead of them giving me workman's comp.
High insurance deductible and expensive monthly rates, limited access to medical facilities and doctors, limited vacation, they offer lots of benefits, but there are some catches
The benefits at Deere were great.