Sibson offers a comprehensive and competitive benefits program for employees and their families. From medical coverage to profit sharing and from vacation days to tuition reimbursement, the company provides an array of benefit choices and services. These benefits can both address your health and retirement needs and help you meet the challenges in balancing the demands of work with your personal life. Specifically, Segal offers:
Health care benefits may vary by office and employee status.
Sibson offers the following options for medical coverage:
This plan provides substantial coverage for preventive, basic and major dental expenses.
The Company maintains a defined pension plan on your behalf. After three years of employment you are vested. When you retire, you will receive a retirement benefit equal to the sum of two components: a career compensation component and a cash balance component. The career compensation component is an annuity equal to 1% of each year’s eligible pay for the highest consecutive 30 years of service; the cash balance component is a hypothetical account balance converted to an annuity at retirement equal to 2% of each year’s eligible pay for up to 30 consecutive years of service.
Each pay period, the Company makes a matching contribution when you contribute to the 401(k) and/or Roth 401(k). The Company also makes a discretionary match contribution after year-end out of profits to eligible individual accounts. The Plan also has provision for catch-up and after-tax contributions.
Employees may direct up to $2,550 of salary into an account which can be used for health-related expenses not covered by the medical and dental plans.
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.
Staff members are eligible for paid vacation based upon length of employment.
The company recognizes 11 holidays per year.
Sibson has a competitive exam program that supports study time and related expenses and 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.
This plan will reimburse a portion of the cost of successfully completed, pre-approved professional courses. Manager-recommended courses are often reimbursed 100 percent.
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.
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.
Our EAP is a network of services and trained professional that can help you with everyday life issues such as relationship and marital concerns, having a new baby information center, loss of a loved one, etc.
Work-Life Services make life easier for you by providing personalized referrals and information on, for example, childcare, eldercare, k-12 schools, colleges, pet care, retirement planning, etc.
Legal and Financial Services gives you access to thousands of attorneys, financial experts and CPAs along with a free 30-minute consultation and a 25% discount.
LifeCoach is a personalized holistic coaching program that can help you identify and work toward achieving your personal and professional goals.
The company provides a $500 annual ($1,000 for housing) allowance to eligible employees that can be used to obtain (taxable) reimbursement of all or a portion of certain expenses. Eligible expenses include: