Benefits/Financial: Full- and part-time employees are offered a 401(k) plan and those working 20 or more hours per week are eligible for a defined-benefit plan as well as a profit sharing plan. Employees age 50 and above can make catch-up contributions to their 401(k) plan, may choose to invest in lifecycle funds that automatically re-allocate assets based on age or proximity to retirement, and can make post-tax Roth contributions to their plan.
Employees are offered financial education via staff members, from the staff of the financial services firm that administers their savings plan and from external financial planning experts.
Short- and long-term leaves of absence without pay and paid time off are offered to allow for caregiving. Securian also offers its employees six months of job protection for those who are unable to work because of their illness or the illness of a dependent.
Full- and part-time employees are offered flu shots, health screenings, health risk appraisals, smoking cessation programs, health club discounts, physical activity and weight loss programs, stress management training, and health coaching. The company has two occupational health nurses on staff and Securian's Occupational Health Department provides the following services: resting rooms with beds, lactation rooms, blood pressure monitors, free tetanus boosters and ergonomic evaluations.
Securian offers dependent care benefits to its full-and part-time employees, such as on-site child care for children and grandchildren, referral services to assist with child care, grandchild care and eldercare, and back-up care for child care.
Benefits/Alternative Work Arrangements: The following alternative work arrangements are offered to employees: flextime, compressed work schedules (must work 20 or more hours per week), job sharing (must work 10 or more hours per week) and telecommuting (must work 10 or more hours per week). Full-time employees are eligible to move to part-time work on a permanent or temporary basis.
Opportunities for Retirees: Securian has 350 retirees and an individual directly responsible for retiree relations. The company stays connected to its retirees by communicating with them on a regular basis, by inviting retirees to organization events, by providing ongoing access to retirement planning workshops and information, and by formally acknowledging retirees when they retire. Retirees and employees who have worked at Securian for 25 or more years can become members of the North Star 25 Club. Retirees are offered the following work opportunities: temporary work assignments, consulting or contract work, telecommuting, full-time work and part-time work.
Age of Workforce: Twenty-six percent of Securian employees are age 50 and over. The average tenure of those employees is 18 years.
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