Milwaukee Tool Benefits

4.3
81 Ratings

Employer Summary

Milwaukee offers benefits on your first day of work (health, dental, vision, life insurance, 401k) and an excellent working environment that includes an on-site cafeteria, state of the art fitness facility, organized fitness classes, recreational sports leagues and company outings.

Employee Benefit Reviews

Showing 1–10 of 81 comments

Most Commented

  • Health Insurance(27 comments)

    The best thing is having affordable health insurance and a good 401k with company match.

  • 401K Plan(26 comments)

    Good Company match up to 8% contribution

  • Vacation & Paid Time Off(16 comments)

    Good time off. Increases over your years with the company. Wish they had a defined paternity/maternity leave policy

May 4, 2021
5.0
Current Employee

The benefits package is great. No premium increases in the last 5 years.

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Apr 23, 2021
4.0
Former BI Engineer in Milwaukee, WI, Wisconsin

401k benefits are good and retirement benefits were comparable with the industry

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Apr 16, 2021
4.0
Current Manager in New York, NY, New York State

Really great benefits, with company match on 401K and reasonable deductibles for individual or family. Included in benefits are life, dental, vision and medical.

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Apr 1, 2021
5.0
Former Employee

great benefits, great medical package and eye care

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Mar 31, 2021
5.0
Current Quality Assurance Manager in Brookfield, WI, Wisconsin

The benefits package overall is outstanding! Very low out of pocket cost for employee health care. Generous PTO policies as well.

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Apr 8, 2021
3.0
Current Engineer in Brookfield, WI, Wisconsin

Benefits are a mixed bag, let's talk about the good first. Health Insurance is phenomenal, one of the best I've seen at very reasonable prices. For a single employee that doesn't smoke, the cost is $20 every other week with a $1000 deductible and $3500 out of pocket maximum. All of the prescriptions I've needed are $10 as well, which is absolutely amazing. PTO is also generous, at 3 weeks for employees of up to 4 years, 4 weeks up to 9 years, and 5 weeks after 10 years. During Covid, WFH has been extremely common, however there is not yet decision whether that will continue or not once things go back to normal. Financial benefits are less impressive. The company only offers a 50% 401k match up to 8%, which is below average for the industry. It also allows the company to save money under the guise of "encouraging retirement investment". There is also no profit sharing or bonus plan, which most companies in this industry have in addition to a 401k match. The company previously had a phenomenal employee tool purchase discount which somewhat made up for the lack of financial benefits, however this benefit has been suspended indefinitely. All pending orders were also cancelled, which is not a good sign for the future of this program. Overall, the benefits depend on your situation. If you are young and healthy like a vast majority of the company, the benefits are below average. If you can take advantage of the amazing health insurance, then the benefits package will likely be very appealing to you.

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Mar 7, 2021
4.0
Current Sales and Marketing in Brookfield, WI, Wisconsin

No pension but the benefits are strong.

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Feb 21, 2021
5.0
Former Employee

Milwaukee tool includes paid time off, vacation days, 401k, and also medical, dental, and vision insurance

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Feb 11, 2021
5.0
Current Employee

Benefits Package is excellent, 401k match, On-site Fitness Center, excellent Healthcare Coverage

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Feb 11, 2021
5.0
Current Employee

Great benefits. Premiums haven't changed since I've worked here.

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Viewing 1 - 10 of 81 Reviews

Benefits Summary

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

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Insurance, Health & Wellness

Financial & Retirement

  • Pension Plan
  • 401K Plan (70)
  • Retirement Plan (34)
  • Employee Stock Purchase Plan
  • Performance Bonus
  • Stock Options
  • Equity Incentive Plan
  • Supplemental Workers' Compensation
  • Charitable Gift Matching

Family & Parenting

  • Maternity & Paternity Leave (36)
  • 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

Professional Support

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

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