MassMutual
MassMutual Benefits Overview
MassMutual takes a holistic and flexible approach to compensation and benefits. We want our benefits to meet our employees’ diverse needs at every stage of life. Here, we know that there's more to life than your job and there's more to your aspirations than a paycheck. “Our benefits strategy is built around empowering employees to prioritize who and what is most important to them. Our suite of benefits empowers them to take care of themselves mentally, physically, and financially. We also know it's important for employees to be there for the ones they love, and we help make that possible with generous caregiver leave, bereavement leave where they can define who their loved ones are, and volunteer time off for causes they care about. Our benefits go beyond industry standards—it’s about supporting all employees’ well-being in ways that are meaningful to them.” - Cynthia Ryan, Head of Human Resources
Compensation + Benefits
Offers 401(K)
MassMutual offers up to a 10% total 401(k) benefit, consisting of a 5% company match and a 5% annual contribution.
Offers disability insurance
MassMutual offers both short term and long term disability insurance. Details: https://www.massmutual.com/-/media/files/employee_benefits.pdf
Offers charitable contribution matching
MassMutual offers three paid days for employees to volunteer with eligible nonprofits of their choice, and MassMutual matches employee donations to eligible nonprofits up to $6,500/yr.
Provides student loan assistance
Provides 401(K) matching
Offers life insurance
MassMutual pays for basic group-term life coverage equal to two times base pay (maximum $400,000). Details: https://www.massmutual.com/-/media/files/employee_benefits.pdf
Provides hardship benefits
Caregiver Leave: Up to 8 paid weeks of continuous or intermittent leave to care for a loved one with a serious health condition
Offers retiree health & medical
Provides adoption assistance
MassMutual also offers a surrogacy assistance benefit that mirrors our adoption assistance program.
Hosts company-sponsored family events
MassMutual offers many opportunities for family events, from group volunteer experiences and Red Sox games to business resource group-sponsored outings like annual Pride and Veterans Day parades.
Offers generous parental leave
Leave for birth mothers of 18 weeks of fully paid leave. Non-birth mothers, fathers and adoptive parents eight weeks of fully paid parental leave.
Provides fertility benefits
Benefits include coverage for IUI, IVF, egg freezing, and more, unlimited one-on-one support from a patient-care advocate, and access to the largest national network of premier fertility physicians.
Offers eldercare benefits and resources
Offers childcare benefits
Benefits-eligible employees have up to 15 back-up care days available from our provider at deeply discounted rates, free premium subscriptions to babysitting services, and more.
Provides family medical leave
Caregiver Leave: Up to 8 paid weeks of continuous or intermittent leave to care for a loved one with a serious health condition. Bereavement Time: Up to 15 days to grieve the loss of a loved one.
Provides a post-parental leave return-to-work program
Provides an onsite Mother's Room
Offers dental insurance
Basic Dental covers preventive and basic restorative care; Major Dental covers all that Basic covers, plus restorations and orthodontia (limits apply).
Offers health insurance
MassMutual offers a comprehensive health and well-being program to employees regularly scheduled to work 20 or more hours per week. https://www.massmutual.com/-/media/files/employee_benefits.pdf
Offers vision insurance
Participants may use in-network or out-of-network services. To learn more about our vision benefits, please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf
Offers transgender health care benefits
Offers Flexible Spending Account (FSA)
A health care flexible spending account (FSA) allows employees to save money on a before-tax basis for eligible medical, dental and vision expenses, subject to IRS limits.
Offers pet insurance
Offers mental health benefits
MassMutual employees and their household members (ages 6+) can access a full spectrum of personalized, confidential, and free mental health care solutions, including therapy, counseling, and coaching.
Offers abortion travel benefits
Our general medical travel benefit covers abortion-related travel needs.
Offers performance bonuses
Provides home-office stipend for remote employees
MassMutual's Well-being Wallet is a stipend available to all employees and can be used for myriad eligible wellness-related purchases, including some home office-related items.
Offers competitive compensation and rewards package
Provides relocation assistance
Provides pay transparency
Company Culture
Provides commuter benefits
Eligible MassMutual employees can pay qualified workplace expenses with before-tax dollars and employees based at our Boston and NYC offices are given a quarterly commuter wallet stipend.
Provides onsite office parking
Some meals provided
Office has designated quiet areas and collaboration zones
Provides free daily meals
Hybrid employees have access to free breakfast and lunch Monday through Thursday in our offices.
Provides free snacks and drinks
Employees provided with well-designed, comfortable workspace
Has a dedicated diversity and inclusion staff
Has a documented equal pay policy
Mandated unconscious bias training
Hiring practices promote diversity
Has a diversity manifesto
Has a highly diverse management team
Our Executive Leadership team and our Board of Directors include several women and people of color, making it one of the more diverse groups in the industry.
Offers diversity-based Employee Resource Groups
Has a diversity recruitment program
Utilizes a flexible work schedule
Our workplace philosophy puts office collaboration first, with flexibility to work remotely, ultimately helping us best meet the needs of our customers, our employees, and our company.
Allows work from home occasionally
Utilizes a hybrid work model
Provides work from home flexibility
Offers a remote work program
In addition to two remote days per week, MassMutual offers employees four full remote weeks of their choice per year and three company-wide remote weeks (remote domestically or internationally).
Utilizes a 4-day work week model
We offer a 4x10 option to employees with manager approval.
In-office days / expectations are defined
Utilizes an open door policy that encourages accessibility
Implements team-based strategic planning
Hosts in-person all-hands meetings
Employees can either attend the in-person all-hands meeting, watch live via Zoom, or watch the recording. All employees are invited to submit questions.
Defined values and mission statements
Defined policies promoting a professional, respectful workplace
Prioritizes real-world impact of work in decision-making processes
Leadership is transparent and communicative
Mistakes are treated as learning opportunities
Open office floor plan to encourage communication and collaboration
Uses an OKR operational model to clearly define goals and priorities
Documented operating principles
Promotes a people-first, social culture
Prioritizes mission-driven work in decision-making processes
Promotes a strong in-person office culture
Leadership encourages open, transparent debate
Documented policies and procedures to protect employee privacy and data
Quarterly engagement surveys to gauge employee satisfaction
Managers offer consistent feedback loops
Provides resources to build team camaraderie
Encourages autonomy and ownership from employees
Employee feedback used to shape policies and strategy
Established employee awards to honor work and contributions
Company or teams have recognition rituals for individual work
Provides modern technology across teams
Managers give public shoutouts and celebrate employee milestones
Work-Life Balance + Wellbeing
Offers company-sponsored outings
MassMutual offers many opportunities for events, from group volunteer experiences and chances to attend Red Sox games to business resource group-sponsored outings.
Offers fitness stipend
All employees have access to deeply discounted membership to 18,000+ fitness centers nationwide, in addition to our free onsite office fitness centers.
Provides access to an onsite gym
Provides recreational clubs
Offers wellness programs
- On-site and remote wellness resources such as Wellness and Fitness Centers - Reimbursement up to $1250 each year for well-being related purchases - Specialized menopause care and support
Has employee-led culture committees
Works with employees to create a sustainable work pace
Flexibility provided during personal challenges
Offers gym membership
Provides opportunities to volunteer in the local community
Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift, Matching Time and Volunteer Time Off Programs.
Offers company-sponsored happy hours
Partners with nonprofits
Every year, MassMutual and the MassMutual Foundation invest more than $20 million focused on advancing economic opportunity. https://www.massmutual.com/about-us/foundation
Offers team workouts
In addition to office 5ks, group walks, and more, MassMutual offers medical plan participants financial incentives for engaging in activities that enhance physical, emotional, and financial health.
Offers Employee Resource Groups
Provides onsite meditation space
Offers wellness initiatives designed to combat burnout and mental fatigue
Offers an Employee Assistance Program (EAP)
Offers generous PTO
Vacation: Starts at 19 days annually with increases at 5-year service anniversaries. Paid Holidays: 10 company holidays, up to 3 early closings, 2 flexible holidays.
Provides paid holidays
Allows employees to take a day off for their birthday
MassMutual offers employees two flexible holidays per year to be used on the dates of their choice.
Offers a flexible time off policy
Provides bereavement leave
Provides sick leave
Offers paid volunteer time
MassMutual offers three paid volunteer days and donates $25 per hour volunteered to employee’s chosen eligible non-profit (up to the annual limit of $6,500 per year).
Provides paid sick days
MassMutual offers employees up to five paid 'take care' days per calendar year.
Provides wellness days
Provides floating holidays
Procedures in place to ensure employees utilize PTO
Career Growth + Development
Provides continuing education stipend
Offers mentorship program
Provides paid industry certifications
Allows employees to pursue continuing education during work hours
MassMutual offers employees free access to online learning platforms with links to external courses, development pathways, and more.
Provides personal development training
Provides structured onboarding for new employees
Provides opportunities to take on expanding responsibilities
Encourages knowledge sharing and cross-functional collaboration
Provides formal manager training and leadership development
Provides tuition assistance
Job training & conferences
Provides online course subscriptions
Hosts Lunch and Learns
Provides tuition reimbursement
MassMutual provides reimbursement of eligible expenses for certain approved educational courses, degree programs and professional designations that provide a foreseeable benefit to MassMutual.
Provides virtual coaching services
Provides structured early-career growth opportunities
Supports employee-driven initiatives, not just top-down priorities
Provides training support and resources for AI adoption
Managers hold regular development check-ins
Provides customized development tracks
Encourages lateral mobility to expand skills and impact
Promote from within
