Very generous benefit package when you consider total compensation.
profit sharing 401k is amazing
The best thing is the 15% profit share.
Very good benefits package all around. One subtlety is that 401k contribution from the firm only occur at the end of the calendar year and are based off of your total compensation for the year rather than contributions you make to your account. Contributions are vested immediately, but if you are not there at the end of the year you get nothing.
Pay is lower than industry average and they tend to only hire contract workers for more and more jobs. This damages culture but keeps costs down.
100% match on IRA and Roth 401k. Get to select from Wellington managed funds.
Benefits in Boston, MA, USA Good * Bonus paid out in December instead of following year. * Wellington's 401K contribution is 15% of base+bonus received that year. For instance, if you had a base of $55K and got a bonus of $5K then 401K contribution would be 15% of $60K = $9K, for a total compensation that year of $55K+$5K+$9K = $69K. * Good medical and dental plans where Wellington pays ~80% of the cost. * Contribution to Health Savings Account (HSA) upto $1500. * Contribution to Dependent Care Account (DCA) upto $1000. * CFA reimbursement. * Tuition reimbursement with manager's approval. * Lots of good speakers and practitioners are brought to Boston Congress St office to speak on health, kids, managing stress etc. * Free coffee, tea, soup and hot chocolate. Bad * Median annual bonus in information technology department is only 10%-15%. * Can only use the pre-tax parking discount to park in 3 pre-selected garages in downtown Boston which happen to be 3 of the most expensive ones. Other companies reimburse based on actuals incurred in any parking garage or lot. * Some benefits such as 10 days of subsidized daycare rate ($10-$15/day) are not useful for most employees. In any case this is reported as taxable income and once you add in commuting costs and the hassle of bringing kids to downtown in the morning rush, it is not worth it. * No corporate mobile phone plan or reimbursement. Monthly mobile phone plan reimbursement of $55 and annual mobile phone reimbursement of $250 has been discontinued as of 2016. * Due to cost cutting benefits in general are being reevaluated.
401k contribution at 15%, no employee contribution required
Best: Profit sharing, generous 15% total compensation into your 401K
One very good Wellington benefit is their focus on perpetuating our culture, but at the same time, staying nimble enough to adapt to changing conditions. They make a clear distinction between culture and values. Culture can adapt, while values should always be upheld and maintained.
List based on reports from current and former employees. It may not be complete.