In your welcome email, you received a copy of the New Hire Benefits Guide. Take some time to review that important document and understand all the options available to you. To activate some key benefits, you must enroll within 30 days of your hire date.
As you'll learn in your New Hire Guide, Farmers Total Rewards package is comprised of four elements: Compensation, Retirement benefits, Health benefits, and Work/Life benefits.
Your compensation includes your salary, incentive pay, annual merit review and our spot bonus program.
Farmers offers a competitive 401(k) Savings Plan.* A few weeks after your start date, you will receive a letter from Vanguard, our administrator, with more information about enrolling in the Farmers Group, Inc. 401(k) Savings Plan.
*For important information regarding the Farmers Group Inc. 401(k) Savings Plan, review the following document: 401(k) Plan Fee Disclosure Notification
Farmers offers medical and prescription drug benefits, dental benefits, vision benefits and opportunities to save money for medical expenses in tax-advantaged Health Savings Accounts or Flexible Spending Accounts.
Your Work/Life benefits include programs such as paid time off, career development, tuition assistance, adoption assistance, legal services, the Employee Assistance Program, and more.
Once you start at Farmers, you can learn more about each of these program on Farmers Today, our company intranet website.