Health care benefits may vary by office and employee status.
Medical Coverage
Segal offers the following options for medical coverage:
- Open Access Plus (OAP) Plan (available to all staff)
- HMO (where available)
Dental Coverage
This plan provides substantial coverage for preventive, basic and major dental expenses.
Health Care Reimbursement Account
Employees may direct up to $2,500 of salary into an account which can be used for health-related expenses not covered by the medical and dental plans.
Dependent Care Reimbursement Account
This employee-funded account provides a non-taxable source of funds (up to $5,000) for child and dependent care expenses incurred to allow staff and/or their spouses to work or attend school.
Vacation
Staff members are eligible for paid vacation based upon length of employment.
Holidays
The Company recognizes 11 holidays per year.
Actuarial Study Program
Segal has a competitive exam program that rewards its actuarial employees for successfully completing exams. The Company provides increases in base pay and bonus payments in accordance with the specific exam(s) passed and credentials earned.
Tuition Reimbursement
This plan will reimburse a portion of the cost of successfully completed, pre-approved professional courses. Manager-recommended courses are often reimbursed 100 percent.
Research and Study Leave
Available after you have completed 15 and 25 years of service, a research and study leave allows you 8 weeks of fully-paid time off to learn more about our field and/or profession or to develop new business ideas. Up to $1,500 of approved expenses can be reimbursed.
Profit Sharing Plan
Segal helps you accumulate funds for retirement through the profit sharing plan. Each year, the Company makes a discretionary contribution out of profits to eligible individual accounts. Staff members are vested in the plan at a rate of 20 percent per year and are fully vested after five years. The plan also has provisions for your own 401(k), after-tax, and catch-up contributions.
Pension Plan
The Company maintains to a pension plan on your behalf. After five years of employment you are vested. When you retire, you will receive a retirement benefit of 1.65% times your years of service (up to 25 years) and your final average pay.
Retiree Medical Benefits
If you retire with 10 or more years of service at or after age 55, the Company provides benefits credits (based on length of service) that can be used to offset the cost of health care coverage for a retiree and, if applicable, dependents.
LifeBalance Resource and Referral Program
To help employees and their families make informed decisions about many issues of daily living, 24-hour access is available to resource and referral services. Telephone consultation, referrals to community resources and educational materials related to a number of concerns are available, including
the following:
- Parenting and Child Care
- Elder Care and Adult Disability
- Legal and Financial Issues
- Retirement Planning
- Everyday Issues like home remodeling and purchasing a big-ticket item such as a car
Employee Assistance Program
This program provides professional counseling and referral services to help employees and their families deal with a wide range of personal problems, including stress, substance abuse, and marital issues.
Life Cycle Benefits Program
The Company provides a $10,000 lifetime allowance to eligible employees that can be used to obtain (taxable) reimbursement of all or a portion of certain expenses. Eligible expenses include:
- Health Club Memberships
- Exercise Equipment
- Weight Loss Programs
- Primary Residence Purchase Assistance (e.g., closing costs)
- Child Care and Elder Care
- Certain Legal Assistance
- Financial Planning
- Family Burial Expense
Other Benefits:
- Employee Referral Program Rewards
- Basic and Supplemental Life and Accidental Death and Dismemberment Insurance
- Short and Long-Term Disability Plans
- Travel Accident Insurance
- Same-Sex Domestic Partner Benefit Coverage
- Flexible Work Arrangements (where feasible)
- Casual Dress Policy (in many locations)
- Automatic Payroll Deposit Feature (for direct deposit in up to three different banking accounts)
- Transit/Vanpooling and Parking Benefit Program
To return to the list of benefits click here.
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