BenchPrep
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BenchPrep Benefits Overview
BenchPrep provides a full suite and a wide variety of benefits and perks. While our competitive medical benefits and 401(k) contribution are nothing to dismiss, it’s the extras that really set us apart. We provide an annual $1,200 learning stipend, Flex PTO (our version of unlimited PTO), Summer Hour Fridays, 8 wellness days to focus on physical health AND mental health, a $500 new hire stipend to set up your home office, and $25 each month after that. We also have a generous parental leave program, and have no meeting days each sprint, and no meeting periods Friday afternoons during non-Summer Hours to ensure deep focus time. Lastly, we are a remote-first organization, giving our employees the flexibility to work from wherever in the U.S. makes most sense for them. Although we are remote-first, we do still have an office space for employees to use should it be preferable to them. Finally - twice a year we bring the entire team into our space in Chicago for a 3 day office retreat, where we spend time on collaboration, learning, and simply having fun with each other. Scroll down to learn more about those items and see what else BenchPrep has to offer.
Compensation + Benefits
Offers 401(K)
BenchPrep’s 401k retirement plan offers a non-elective safe harbor plan which means we'll contribute 3% to your 401(k) regardless of what you contribute, or if you contribute at all!
Offers disability insurance
Our plan coverage offers employees Short Term Disability coverage at 60% of their weekly salary with a $2,500 weekly max. Long Term = 60% of their monthly salary with a $10,000 monthly max.
Provides 401(K) matching
BenchPrep contributes 3% of an employee’s annual base salary, regardless of how much the employee contributes, which is immediately vested.
Offers life insurance
Up to 3x annual salary, $750K max of voluntary life insurance & accidental death & dismemberment insurance. Spouse & dependent children plans available too.
Offers dental insurance
BenchPrep offers 3 dental plans.
Offers health insurance
BenchPrep’s uses best-in-class BCBS of IL for health insurance, offering 5 plans to choose from. Most importantly, BenchPrep sponsors 80% of the monthly premium for employees AND their dependents.
Offers vision insurance
BenchPrep’s vision insurance plans provide annual eye exams for a $10 copay and a $130 allowance toward frames and/or contacts.
Offers Flexible Spending Account (FSA)
Pre-tax dollars can be set aside for medical, dental, and vision ($2,750/yr) for employees or dependents with or w/o enrolling in our insurance program. Daycare & elder care allows for up to $5,000/yr
Offers pet insurance
Offers mental health benefits
Provides family medical leave
Provides a post-parental leave return-to-work program
Offers generous parental leave
BenchPrep offers generous paid parental leave for new parents with at least 1 month of service, including a paid leave policy for foster parents.
Provides an onsite Mother's Room
Offers performance bonuses
Provides home-office stipend for remote employees
New hires receive a one-time payment of $500 to setup their home office and $25/month every month after that to aid in monthly home expenses.
Company Culture
Provides commuter benefits
Transit and Parking benefits: Employees may elect up to $260/month for pre-tax allocation for mass transit & parking expenses for commuting to BenchPrep, including Metra, Ventra and parking facilities
Provides free snacks and drinks
FULLY stocked! Beverages = Soda, Coffee, Tea, RedBull, Juice, Vitamin Water, etc. Food = if you can think of the snack, we probably have it or some variation. Employees will never go hungry here.
Provides free daily meals
We provide a $12.50 daily stipend for employees every day via Fooda for those in office. (https://www.fooda.com/resources/case-study/how-tech-startup-benchprep-made-lunch-powerful-part-its-culture)
Some meals provided
Utilizes a flexible work schedule
BenchPrep offers flexible work schedules as needed for employees. It allows for greater work-life balance and can lead to increased job satisfaction and productivity.
Utilizes a hybrid work model
Offers a remote work program
BenchPrep offers Remote Work as an option for employees. This also allows employees to better balance their work commitments with personal and family needs.
Utilizes a summer hours schedule
Has a highly diverse management team
Hiring practices promote diversity
Mandated unconscious bias training
Has a diversity recruitment program
Utilizes an open door policy that encourages accessibility
Engineering team utilizes pair programming
Open office floor plan to encourage communication and collaboration
Implements team-based strategic planning
Work-Life Balance + Wellbeing
Offers company-sponsored outings
BenchPrep has regular outings that include Cubs rooftops, boat trips on Lake Michigan, off-site happy hours, poker nights, game nights, foodie dinners, and a holiday party, among other events.
Offers fitness stipend
Employees have access to the Willis Tower's exclusive 35,000 sq. ft gym for $10/month.
Provides access to an onsite gym
Offers wellness programs
Provides opportunities to volunteer in the local community
Offers company-sponsored happy hours
We have a standing in-office happy hour that starts at 4:00 PM on Fridays, but never feel constrained to limit this into being a once a week occurrence.
Partners with nonprofits
Provides onsite meditation space
Offers paid volunteer time
Provides paid sick days
BenchPrep employees receive 8 sick days per year in addition to their PTO.
Allows employees to take a day off for their birthday
We acknowledge and celebrate employees on their special day, and encourage them to utilize this special benefit by spending quality time with loved ones, and/or doing the things they enjoy the most.
Offers a flexible time off policy
Utilizes company-wide vacation
The company is closed during the week between Christmas and New Year's to allow employees to relax, spend quality time with family/friends, and recharge, and contribute to their overall well-being.
Provides paid holidays
Utilizes an Unlimited PTO policy
Provides wellness days
These days are designed to allow employees to take time off for self-care and to focus on their physical and mental health.
Provides bereavement leave
Career Growth + Development
Provides continuing education stipend
Provides online course subscriptions
Hosts Lunch and Learns
Job training & conferences
Employees are provided an annual $1,200 learning stipend to use on anything relevant to their field of work, or to BenchPrep!
Provides paid industry certifications
Allows employees to pursue continuing education during work hours
Provides customized development tracks
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