TIAA Benefits

Incredible benefits, PTO, health, dental, generous 401k match but does not vest for three years

Top benefits. 401K matching, Pension Plan, Health plan,

Overall benefits package is an attraction of talent. Generous retirement benefits, vacation time and health benefits.

Their benefits package is stellar for 2017. They have two different health insurance plans, both through Aetna, and both are much better coverage and cost-wise than what is usually available at other large corporate like organizations. I think my bi-weekly premium for coverage through United Healthcare at the commercial bank I worked at before was higher than TIAA's premiums, but the coverage through United Healthcare was god-awful. TIAA's health plans were amazing. Some of the hubs, including the one I worked at in Denver, also have on-site medical clinics with Doctors and Nurses which was super convenient. Yes, there was literally a doctors office in the building only for TIAA employees. As far as retirement benefits go, this is the 21st century, and retirement plans are pared down or virtually nonexistent to amount to creating actual retirement security at most or all companies, compared to 50 years ago. With that being said, TIAA's retirement plan for employees is the best I've had in the financial services industry. Yes, it used to be a lot better. That was then. This is now. They have a 401k Plan and match your contributions up to 3%. They also have a separate Retirement Plan that they contribute a certain percentage into based on your age. I think I was getting 4% in my 20's, and when I turned 30 I think it went to 7% if I recall correctly. Once you get to age 50 I think it contributes 15% of your gross pay, and you don't have to contribute a dollar into it. However, it can't be rolled out of TIAA and you can only take out 7% of it per year once you get to age 55. Company contributions into both plans start when you are hired-there's no waiting period like 6 months or 1 year or whatever for their contributions. However, they are not vested until 3 years of service, and have a cliff vesting schedule, so if you work 2 years , 11 months and 29 days and leave, you lose all company contributions into the plans. In the division I worked in, I got bonuses both years I worked there. I wish they would go to a vesting schedule that vests on a tiered schedule, as I lost all the company contributions because I left before 3 years, but it is what it is. They also have tuition reimbursement up to $6800 per year I believe, but it is only for qualified Business school degrees. Surprising, for a company whose client base is mostly colleges and universities. I wish they would include other types of degrees in it also. They have a great fitness reimbursement program-you can get reimbursed for up to 50% of eligible fitness expenses-gym memberships, fitness classes, even season passes to ski resorts, up to $500 (in reimbursement, so $1000 in expenses) per year. Short term disability is paid by the company; I had to use it a few times and it was more than generous.

Generous time off but it never gets approved, highest deductible health plan still costs you near 200 a month and they have a 3 year cliff vesting schedule

The benefits at TIAA are why people stay there. Cadillac plans all around.

TIAA offers the best benefits package around. There is nothing wrong with it, except the benefits make you not want to leave!

TIAA is a great company to work for. Benefits are amazing, great PTO 23+ days the first year, 401K plus retirement plan, paid volunteer time off, annual bonus. Very big into diversity and inclusion. The company cares about its customers and employees.

When I started with TIAA 10 years ago, the benefits and retirement package was amazing. Pension and Insurance plans were top notch. Unfortunately, they did away with the good pension plan to save costs around 3 years ago. My family decided to switch to the insurance plan at her company because TIAA's became too expensive and covered items decreased. I would not recommend the benefits package today above any other company's.

good amount of pto days