This report analyzes and compares MAGELLAN MIDSTREAM PARTNERS L P's employee health insurance and employee benefits with its industry and in Oklahoma 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
MAGELLAN MIDSTREAM PARTNERS L P offers impressive career benefits to help its team members achieve their full potential and maximize their contributions to MAGELLAN MIDSTREAM PARTNERS L P with rich developmental resources, fully covered tuitions for colleges, and effective onboarding programs. For employees who have what it takes to be a leader, MAGELLAN MIDSTREAM PARTNERS L P offers impressive leadership programs.
- CAREER PLANNING: MAGELLAN MIDSTREAM PARTNERS L P offers remarkable possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, MAGELLAN MIDSTREAM PARTNERS L P makes sure that every single team member takes the full advantage of remarkable career planning programs.
- COACHING AND MENTORING: By using a valuable coaching and mentoring program, MAGELLAN MIDSTREAM PARTNERS L P can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: extraordinary development resources are what allows MAGELLAN MIDSTREAM PARTNERS L P to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in extraordinary workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: MAGELLAN MIDSTREAM PARTNERS L P has an outstanding GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: MAGELLAN MIDSTREAM PARTNERS L P believes that providing its team members with excellent leadership programs is a crucial step in creating new leaders. By using excellent tools that MAGELLAN MIDSTREAM PARTNERS L P provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: MAGELLAN MIDSTREAM PARTNERS L P offers a top-notch Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: MAGELLAN MIDSTREAM PARTNERS L P knows that dedicated team members are hard to come by so it has an exceptional Recognition program for those who stand out and continually contribute to MAGELLAN MIDSTREAM PARTNERS L P.
- TUITION REIMBURSEMENT: MAGELLAN MIDSTREAM PARTNERS L P realizes that continuous education is a key to success so it has an exceptional Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | MAGELLAN MIDSTREAM PARTNERS L P | Industry | Oklahoma |
|---|---|---|---|
| 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
MAGELLAN MIDSTREAM PARTNERS L P offers remarkable 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 MAGELLAN MIDSTREAM PARTNERS L P's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: MAGELLAN MIDSTREAM PARTNERS L P is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why MAGELLAN MIDSTREAM PARTNERS L P implemented a suitable counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This suitable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: MAGELLAN MIDSTREAM PARTNERS L P cares about its team members' dental health so it offers an impressive dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: MAGELLAN MIDSTREAM PARTNERS L P offers a great health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, MAGELLAN MIDSTREAM PARTNERS L P offers suitable health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: MAGELLAN MIDSTREAM PARTNERS L P has a superb healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: MAGELLAN MIDSTREAM PARTNERS L P offers an exceptional maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: MAGELLAN MIDSTREAM PARTNERS L P has a solid telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. MAGELLAN MIDSTREAM PARTNERS L P can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: MAGELLAN MIDSTREAM PARTNERS L P offers a good Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | MAGELLAN MIDSTREAM PARTNERS L P | Industry | Oklahoma |
|---|---|---|---|
| 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
MAGELLAN MIDSTREAM PARTNERS L P 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: MAGELLAN MIDSTREAM PARTNERS L P has an outstanding 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, MAGELLAN MIDSTREAM PARTNERS L P offers an outstanding program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, MAGELLAN MIDSTREAM PARTNERS L P offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: MAGELLAN MIDSTREAM PARTNERS L P has a valuable Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
- BONUS PAY: MAGELLAN MIDSTREAM PARTNERS L P has an impressive bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: MAGELLAN MIDSTREAM PARTNERS L P has an extraordinary childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: MAGELLAN MIDSTREAM PARTNERS L P acknowledges the fact that some team members have high commuting costs so it offers them remarkable commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: MAGELLAN MIDSTREAM PARTNERS L P offers a superb daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: MAGELLAN MIDSTREAM PARTNERS L P offers a superb short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: MAGELLAN MIDSTREAM PARTNERS L P has a first-class life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
- PAID TIME OFF: MAGELLAN MIDSTREAM PARTNERS L P has an excellent 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: MAGELLAN MIDSTREAM PARTNERS L P has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, MAGELLAN MIDSTREAM PARTNERS L P stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: MAGELLAN MIDSTREAM PARTNERS L P has a first-class parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MAGELLAN MIDSTREAM PARTNERS L P | Industry | Oklahoma |
|---|---|---|---|
| 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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