105 employees reported this benefit
PAREXEL offers a 401(k) plan managed by Fidelity Investments.
average match for the 401k plan.
Offerings are fairly good and standard
401k through Fidelity investments and Parexel matches 3%. Healthcare benefits are decent. Good amount of vacation and sick days.
I know they had a 401k plan, but I was young and stupid at that time. Also, I was saving money to get back to medical school and graduate. I was a Foreign Medical Student, and like all FMGs they do their 2nd two years, i.e. 80 weeks of clinical rotations, in the U.S. so the cost of living and of tuition, not to mention the $350/week for the clinicals makes it necessary to have alot more money....and this was all a surprise. So I did not invest, I saved so I could graduate ASAP. Sorry can't comment on this one too much. But since I remember them having one back in 2008 when I was there I will give it top marks.
They need to match more
Comprehensive and can't find anything negative with it.
on par with industry standard
Awful 401k match - 3% match is fine, but up to $3k limit is well below average for industry and competitors.
Standard 0.5 for every dollar. vested for 3 years, only after it companies contribution is yours.
Employer match is very basic and minimum