It is an excellent program. Looks after all aspects. Dental health optical life disability and also has a well being aspect to it. Easy for reimbursement. Also great pension plan
Overall, there is a fairly comprehensive suite of benefits including medical and dental coverage, life and AD&D insurance, group pension plan etc. The group pension plan is mandatory after a year of service and is 4% of your salary which the firm matches. It's administered through SunLife which has very low fees which is awesome. The firm also offers what they call a Balance Subsidy. The dollar amount depends on your level i.e. Analyst vs. Manager but it's essentially a use it or lose it set amount of money to reimburse things like gym memberships, ski-lift passes, race fees, massages and physio (once other insurance is maxed out.) It's payable once per quarter. Where I think the firm really lacks, is the health coverage, specifically paramedical health coverage. Under the current plan the reimbursement amounts are very low. The amount you can get reimbursed for a psychologist under the basic plan is $200. That covers one session if you're lucky. I wish they would increase the amounts all around or, do what many other companies do and provide a single larger sum i.e. 1500 that you can chose to use for any paramedical practitioner, that way if you need physio you use it for physio, or if you need mental health services you use the full amount for that. Just to put it into perspective - the public service health plan pays $2000 per year per person for a psychologist.
Pension plan, really RRSP match, of 4%. Dental if you pay that premium. Only $200 per year for massage, chiro, other health practitioner. Eyeglasses $200 ever other year. Balance subsidy quarterly for things like gym memberships, amount depends on your position.
- 1 personal day each quarter - Up to $125 of reimbursements each quarter for physical activities (gym membership) - RRSP plan - Pick through a variety of benefit plans that is most beneficial for you
The benefits are fair, equitable and competitive, Total rewards @ MNP are excellent.
Health benefit coverage is average. I have seen a better coverage. Employer will match pension contribution.
The benefits package is severely outdated - they downgraded from providers 1.5 years ago and tried to sell to employees that it was 'better'
They have extensive coverage for all areas of life.
Basic benefit package, could be better with industry standards
Personal day per quarter plus 4 weeks annual vacation. Good heath insurance coverage. Flexible hours, allow WFH.
List based on reports from current and former employees. It may not be complete.