BenchPrep
Benefits at BenchPrep
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.
Financial + Retirement
401(K)
BenchPrep’s 401k retirement plan offers a a cost effective employee retirement plan. The plan offers Roth and Pre-tax Investment options..
401(K) matching
BenchPrep contributes 3% of an employee’s annual base salary, regardless of how much the employee contributes, which is immediately vested.
Performance bonus
Office Perks
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
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.
Fitness stipend
Employees have access to the Willis Tower's exclusive 35,000 sq. ft gym for $10/month.
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)
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.
Onsite gym
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.
Some meals provided
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.
Meditation space
Mother's room
Professional Development
Continuing education stipend
Customized development tracks
Job training & conferences
Employees are provided an annual stipend to attend external training evens or conferences.
Online course subscriptions available
Paid industry certifications
Promote from within
Lunch and learns
Continuing education available during work hours
Health Insurance + Wellness
Dental insurance
BenchPrep offer 3 dental plans.
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.
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
Health insurance
BenchPrep’s health insurance plan with BCBS of IL has a low deductible and BenchPrep pays 90% of the monthly premium for employees AND their dependents.
Life insurance
Up to 3x annual salary, $750K max of voluntary life insurance & accidental death & dismemberment insurance. Spouse & dependent children plans available too.
Pet insurance
Vision insurance
BenchPrep’s vision insurance plans provide annual eye exams for a $10 copay and a $130 allowance toward frames and/or contacts.
Wellness programs
Mental health benefits
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.
Culture
Volunteer in local community
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.
Open door policy
Open office floor plan
Pair programming
Partners with nonprofits
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.
Team based strategic planning
Day off for your 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.
Hybrid work model
Summer hours
Child Care + Parental Leave
Family medical leave
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.
Return-to-work program post parental leave
Diversity
Highly diverse management team
Mandated unconscious bias training
Hiring practices that promote diversity
Diversity recruitment program
Vacation + Time Off
Paid volunteer time
Paid holidays
Paid sick days
BenchPrep employees receive 5 sick days per year in addition to their PTO.
Unlimited vacation policy
Flexible time off
Bereavement leave benefits
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.
