This report analyzes and compares PENN MUTUAL's employee health insurance and employee benefits with its industry and in Pennsylvania 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
PENN MUTUAL 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 PENN MUTUAL. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: PENN MUTUAL offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, PENN MUTUAL makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: PENN MUTUAL offers top-notch coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: outstanding development resources are what allows PENN MUTUAL to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in outstanding workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: PENN MUTUAL has a top-notch policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: PENN MUTUAL believes that providing its team members with excellent leadership programs is a crucial step in creating new leaders. By using excellent tools that PENN MUTUAL provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: PENN MUTUAL is aware of the difficulties that new employees might experience when they join the team. That's why PENN MUTUAL has a great Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, PENN MUTUAL implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: PENN MUTUAL does not offer tuition reimbursement.
Benefit | PENN MUTUAL | Industry | Pennsylvania |
|---|---|---|---|
| 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
PENN MUTUAL offers superior 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 PENN MUTUAL's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: PENN MUTUAL has an impressive counseling program for its employees and their family members. Team members are encouraged by PENN MUTUAL to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This impressive counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: PENN MUTUAL offers a suitable dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
- HEALTH INSURANCE: PENN MUTUAL offers a superb health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: PENN MUTUAL does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: PENN MUTUAL 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: PENN MUTUAL offers an exceptional maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: PENN MUTUAL has a good 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. PENN MUTUAL can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: PENN MUTUAL has an outstanding 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 | PENN MUTUAL | Industry | Pennsylvania |
|---|---|---|---|
| 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
Team members enjoy solid financial benefits at PENN MUTUAL. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. PENN MUTUAL offers solid life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect PENN MUTUAL to partially cover the expenses.
- 401(K) PLAN: PENN MUTUAL has an excellent 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, PENN MUTUAL offers an excellent 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, PENN MUTUAL offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: PENN MUTUAL does not offer adoption assistance reimbursement.
- BONUS PAY: PENN MUTUAL offers remarkable bonuses to team members who excel in their field of work, provide extraordinary results for PENN MUTUAL, and encourage others to do the same.
- CHILDCARE DISCOUNT: PENN MUTUAL does not offer childcare discount.
- COMMUTER BENEFIT: PENN MUTUAL has a valuable commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: PENN MUTUAL 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: PENN MUTUAL has a suitable 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 suitable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: PENN MUTUAL offers a valuable life insurance policy to its team members for an affordable price. PENN MUTUAL 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: PENN MUTUAL realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why PENN MUTUAL has a superb vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: PENN MUTUAL believes that extraordinary volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why PENN MUTUAL offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: PENN MUTUAL has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | PENN MUTUAL | Industry | Pennsylvania |
|---|---|---|---|
| 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 |
Improve this report:
We have prepared PENN MUTUAL's benefits report with the best of our knowledge. If you believe some information here is incorrect, please click the link below and send as a note.
We will contact you and/or update the information in 2-5 business days.