This report analyzes and compares FREDDIE MAC's employee health insurance and employee benefits with its industry and in Virginia State.
Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.
Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.
This report contains the following sections
Career benefits
FREDDIE MAC has top-notch career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the FREDDIE MAC. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: FREDDIE MAC offers superior possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, FREDDIE MAC makes sure that every single team member takes the full advantage of superior career planning programs.
- COACHING AND MENTORING: FREDDIE MAC offers superb coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: FREDDIE MAC offers superb development resources to enable its employees to grow on a personal and a professional plan. With access to superb intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: FREDDIE MAC has an outstanding GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: FREDDIE MAC is always on the lookout for new leadership material and offers suitable development programs for its team members. With access to suitable resources, FREDDIE MAC ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: FREDDIE MAC does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, FREDDIE MAC implemented a suitable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: FREDDIE MAC has a superior Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at FREDDIE MAC.
Benefit | FREDDIE MAC | Industry | Virginia |
|---|---|---|---|
| Career planning Benefits | |||
| Coaching and mentoring Benefits | |||
| Development resources Benefits | |||
| GED reimbursement Benefits | |||
| Leadership programs Benefits | |||
| Onboarding Benefits | |||
| Recognition programs Benefits | |||
| Tuition reimbursement Benefits |
Healthcare benefits
FREDDIE MAC offers first-class health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy FREDDIE MAC's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: FREDDIE MAC does not offer counseling.
- DENTAL PLAN: Team members at FREDDIE MAC have a superb dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. FREDDIE MAC partially pays for dentures and braces as well.
- HEALTH INSURANCE: FREDDIE MAC offers a first-class health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: FREDDIE MAC offers its team members superb health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. FREDDIE MAC provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: FREDDIE MAC offers an excellent healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: FREDDIE MAC has a solid maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: FREDDIE MAC has an exceptional telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: FREDDIE MAC has an extraordinary Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
Benefit | FREDDIE MAC | Industry | Virginia |
|---|---|---|---|
| Counseling Benefits | |||
| Dental Plan Benefits | |||
| Health Insurance Benefits | |||
| Health Plan Incentives Benefits | |||
| Healthcare Spending Accounts Benefits | |||
| Maternity support program Benefits | |||
| Telehealth Benefits | |||
| Vision Plan Benefits |
Financial benefits
FREDDIE MAC offers superior financial benefits for employees and their family members. A superior 401(k) plan makes sure that employees have a secure retirement, while a generous, fully paid parental leave allows expecting mothers and fathers to enjoy their child's first year. Along with paid vacations, employees can enjoy fully paid commuting as well.
- 401(K) PLAN: FREDDIE MAC has a first-class 401(k) plan as it realizes that many of its team members are concerned with the future and want to retire with a sizable retirement fund. FREDDIE MAC provides a 401(k) plan where employees can rest assured that the money they put aside will allow them to live comfortably in retirement. Employees are encouraged to invest up to 5% in 401(k) by a first-class FREDDIE MAC has Matching program that matches 75% of employees' contributions. Whatever FREDDIE MAC contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave FREDDIE MAC. Recognizing that every team member is unique, with specific needs and goals, FREDDIE MAC keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: FREDDIE MAC does not offer adoption assistance reimbursement.
- BONUS PAY: FREDDIE MAC offers superb bonuses to team members who excel in their field of work, provide extraordinary results for FREDDIE MAC, and encourage others to do the same.
- CHILDCARE DISCOUNT: FREDDIE MAC offers a solid discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: FREDDIE MAC acknowledges the fact that some team members have high commuting costs so it offers them superior commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: FREDDIE MAC has a valuable daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
- DISABILITY: FREDDIE MAC has a great disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a great coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: FREDDIE MAC offers a suitable life insurance policy to its team members for an affordable price. FREDDIE MAC participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: FREDDIE MAC has an extraordinary vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: FREDDIE MAC believes that excellent volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why FREDDIE MAC offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: FREDDIE MAC has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | FREDDIE MAC | Industry | Virginia |
|---|---|---|---|
| 401(k) plan Benefits | |||
| Adoption assistance reimbursement Benefits | |||
| Bonus pay Benefits | |||
| Childcare discount Benefits | |||
| Commuter benefit Benefits | |||
| Daycare flexible spending account Benefits | |||
| Disability Benefits | |||
| Life insurance Benefits | |||
| Paid time off Benefits | |||
| Paid volunteer time off Benefits | |||
| Parental leave Benefits |
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