Great benefits, great company, too bad they don't care of quality employees too much turnover in staff and management. So much going for them as a company
Great benefits all the time
If your salary is very low, then the health benefits are merely average. If your salary is very high, you basically have to pay full price for everything without any employer subsidies ($1800/mo premiums). And if you're in the middle, you're screwed. For example, if you're earning ~$100k and have a few kids, prepare for high premiums, high deductibles, and high out of pocket maximums. $100k is probably the worst place to be benefits wise.
Not enough Vacation Good company match
401k match is limited to $3,000 annually, so if your salary is over $100k, that's less than the 3% standard at most big firms. The company's annual retirement contribution (which more or less replaces the pension plans of old) is 1.5% annually for the first several years, which compares unfavorably with other large US banks. 3-year cliff vesting, which means if you leave after 2 years 11 months, you get NONE of the company contributions. Health insurance and several other benefits are keyed to employee salary. At 100k plus salary, you are paying a large % of the health insurance premium.
Worst is the health insurance program
- 401K - Vacation days, allow for rollover into Q1 of the following year - Can buy shares of the company with Bonus (match program) - Health insurance
Health insurance was overpriced and more costly than purchasing an individual plan. Family plans were unaffordable. The 401k match, ESPP, and deferred compensation plans were on a 3 year cliff vesting plan, making it difficult for senior bankers to leave.
401k matching criteria is changing year after year.
lots of complaints for health insurance from a few years back. flexible with work from home arragement, decent vacation and sick days
List based on reports from current and former employees. It may not be complete.