Segal 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.
Segal offers the following options for medical and prescription coverage:
This plan provides substantial coverage for preventive, basic and major dental expenses.
The company maintains a defined benefit pension plan on your behalf. After three years of employment you are vested. When you retire, you will receive an annuity equal to 1% of pay for your years of service (up to 30 years) plus an annual contribution credit equal to 2% of pay for your years of service (up to 30 years) accumulating with interest.
Segal helps you accumulate funds for retirement through the profit sharing plan. Staff members are vested in the plan at a rate of 20 percent per year and are fully vested after five years. The plan has provisions for 401(k) pre-tax, Roth, and after-tax contributions. Segal provides a matching contribution. Segal also makes discretionary profit sharing contributions to eligible individual accounts, based on company profits
Employees may direct pre-tax salary contributions, up to the IRS maximum into an account which can be used for health-related expenses not covered by the medical and dental plans.
Employees may direct pre-tax salary contributions (up to $5,000 per year) into an account which can be used for child and dependent care expenses incurred to allow employees and/or their spouses to work or attend school.
Employees are eligible for paid vacation based upon length of employment.
The company recognizes 11 holidays per year.
Segal 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 your field and/or profession or to develop new business ideas. Up to $1,500 of approved expenses can be reimbursed.
If you retire on or after age 55 and are eligible to receive an Early or Normal Retirement Pension from the Company’s pension plan, and you were eligible to participate in the health plan prior to your retirement, 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.
This program provides basic consultations, short-term counseling, and referrals to assist employees and their families with personal and work-life concerns, including but not limited to marital, emotional, substance abuse, financial or legal concerns.
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:
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