Company Benefits - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

Jennerstein · 08-03-2008, 01:11 AM

After reading another thread on a different forum, I thought it'd be interesting to see what everyone's company benefits are. Maybe this has been done already, but here's mine at least.

Company: Large Investment Management Company (i.e. Mutual Funds)

Vacation: 18 days (144 hours) with 0 years service. 20+ days after 4 years. PTO may be rolled over each year but maxes out at 252 hours for non-managers.

Sick time: 9 days available. Paid Jury duty, paid bereavement leave.

Paid holidays: 9 per year (this is all based on when the NYSE closes)

Flex schedules: Depends on team. Some allow telecommuting for 1 to 2 days a week. Others allow 9/80.

Retirement: Each year, the company puts 15% of your total earnings (salary and bonuses) into a master retirement plan. The money is be invested into the 20 or so mutual funds available in the plan (you determine fund allocation). 100% vested after 6 years. There is no 401k match.

Bonuses: For exempt associates, 2 bonuses a year based on individual performance and company performance. Individual is usually 13 to 18 percent of annual salary. Company bonus is usually anywhere from 10% to 18% based on a metric of length of service/company earnings. Bonuses have been paid out the last 10 years I've been told.

Salary: Competitive, usually in top 75% of salaries for area.

Raises: 3% if meeting expectations, up to 6% if you're doing an outstanding job (i.e. you're Superman or something).

Health: Choices of PPO and HMO. I'm with a PPO, with co-pay of $30. PPO's usually pay 90% of the usual and customary charges. I pay about $40 out of my pay check.

Dental: PPO or HMO. My PPO plan is 80/20.

Vision: Covered by health plan

Life insurance: Two times annual salary, rounded up to the nearest $50k.

Training: Training courses are covered by the company and are available for IT and business related areas. Most business courses are by the New York Institute of Finance, which will come onsite. Classes include Fixed Income, Equities, Capital Markets, Trading, Portfolio Management, etc.

Education: 5K/year for undergraduate degrees, 10K/year for graduate degrees

Wellness: Up to $400 reimbursed per year for health/wellness related expenses (e.g. gym, yoga, exercise equipment, etc).

Food: 25% discount on meals at local restaurants or on-site cafeteria. The on-site cafeterias are usually quite good.

Entertainment: Each year, the company gives associates free tickets to Sporting or Entertainment events (e.g. baseball, basketball, Broadway, Philharmonic, Disneyland etc). You're allotted one set of free tickets a year based on 3 ticket preferences established in February. The more popular sporting and entertainment are based on seniority, so the company recommends that your third preference be for something that has guaranteed tickets (like Disneyland tickets). At the worst, you'll get a set of 4 Disneyland tickets for the year. At the best, you get something like near-courtside Lakers tickets.

Parking: Covered parking on campus.

Other:
1. We're a load shop, so mutual fund purchases may be purchased at NAV (net asset value) by you or extended family members. Basically, this means you're able to buy the funds without any sales charges.
2. Associates who've been with the company for more than 20 years get free upgrades to first class on all business flights.
3. We're on some sort of Microsoft licensing program where Office 2007 and XP are only $10.

The company emphasizes conservative, long term investment results and takes a similar mindset with its employees. The hiring process is length and exhaustive, but it's very difficult to be laid-off or fired once you're hired full-time. In fact, I've never heard of any stories of full time associates who have been laid-off/fired. Contractors are a slightly different story though. I usually work 40 hour weeks, and rarely have to put in extra hours.

08-03-2008, 01:11 AM	#1
Jennerstein Junior Member Join Date: Jan 2006 Posts: 44	Company Benefits After reading another thread on a different forum, I thought it'd be interesting to see what everyone's company benefits are. Maybe this has been done already, but here's mine at least. Company: Large Investment Management Company (i.e. Mutual Funds) Vacation: 18 days (144 hours) with 0 years service. 20+ days after 4 years. PTO may be rolled over each year but maxes out at 252 hours for non-managers. Sick time: 9 days available. Paid Jury duty, paid bereavement leave. Paid holidays: 9 per year (this is all based on when the NYSE closes) Flex schedules: Depends on team. Some allow telecommuting for 1 to 2 days a week. Others allow 9/80. Retirement: Each year, the company puts 15% of your total earnings (salary and bonuses) into a master retirement plan. The money is be invested into the 20 or so mutual funds available in the plan (you determine fund allocation). 100% vested after 6 years. There is no 401k match. Bonuses: For exempt associates, 2 bonuses a year based on individual performance and company performance. Individual is usually 13 to 18 percent of annual salary. Company bonus is usually anywhere from 10% to 18% based on a metric of length of service/company earnings. Bonuses have been paid out the last 10 years I've been told. Salary: Competitive, usually in top 75% of salaries for area. Raises: 3% if meeting expectations, up to 6% if you're doing an outstanding job (i.e. you're Superman or something). Health: Choices of PPO and HMO. I'm with a PPO, with co-pay of $30. PPO's usually pay 90% of the usual and customary charges. I pay about $40 out of my pay check. Dental: PPO or HMO. My PPO plan is 80/20. Vision: Covered by health plan Life insurance: Two times annual salary, rounded up to the nearest $50k. Training: Training courses are covered by the company and are available for IT and business related areas. Most business courses are by the New York Institute of Finance, which will come onsite. Classes include Fixed Income, Equities, Capital Markets, Trading, Portfolio Management, etc. Education: 5K/year for undergraduate degrees, 10K/year for graduate degrees Wellness: Up to $400 reimbursed per year for health/wellness related expenses (e.g. gym, yoga, exercise equipment, etc). Food: 25% discount on meals at local restaurants or on-site cafeteria. The on-site cafeterias are usually quite good. Entertainment: Each year, the company gives associates free tickets to Sporting or Entertainment events (e.g. baseball, basketball, Broadway, Philharmonic, Disneyland etc). You're allotted one set of free tickets a year based on 3 ticket preferences established in February. The more popular sporting and entertainment are based on seniority, so the company recommends that your third preference be for something that has guaranteed tickets (like Disneyland tickets). At the worst, you'll get a set of 4 Disneyland tickets for the year. At the best, you get something like near-courtside Lakers tickets. Parking: Covered parking on campus. Other: 1. We're a load shop, so mutual fund purchases may be purchased at NAV (net asset value) by you or extended family members. Basically, this means you're able to buy the funds without any sales charges. 2. Associates who've been with the company for more than 20 years get free upgrades to first class on all business flights. 3. We're on some sort of Microsoft licensing program where Office 2007 and XP are only $10. The company emphasizes conservative, long term investment results and takes a similar mindset with its employees. The hiring process is length and exhaustive, but it's very difficult to be laid-off or fired once you're hired full-time. In fact, I've never heard of any stories of full time associates who have been laid-off/fired. Contractors are a slightly different story though. I usually work 40 hour weeks, and rarely have to put in extra hours.