MassMutual
Benefits at MassMutual
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
Financial + Retirement
401(K)
MassMutual offers up to a 10% total 401(k) benefit, consisting of a 5% company match and a 5% annual contribution.
401(K) matching
Charitable contribution matching
MassMutual offers three paid days for employees to volunteer with eligible nonprofits of their choice, and the MassMutual Foundation matches employee donations to eligible nonprofits up to $5000/yr.
Performance bonus
Pay transparency
Child Care + Parental Leave
Adoption Assistance
MassMutual also offers a surrogacy assistance benefit that mirrors our adoption assistance program.
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.
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.
Family medical leave
Caregiver leave: Up to two weeks paid leave to care for a loved one. Bereavement Leave: 15 days of paid time off to grieve the loss of a loved one with the employee defining who the loved one is.
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.
Return-to-work program post parental leave
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.
Office Perks
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.
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.
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.
Free daily meals
Hybrid employees have access to free breakfast and lunch Monday through Thursday in our offices.
Company-sponsored happy hours
Onsite gym
Onsite office parking
Recreational clubs
Relocation assistance
Free snacks and drinks
Some meals provided
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.
Meditation space
Mother's room
Professional Development
Continuing education stipend
Customized development tracks
Job training & conferences
Mentorship program
Online course subscriptions available
Paid industry certifications
Promote from within
Lunch and learns
Continuing education available during work hours
MassMutual offers employees free access to online learning platforms with links to external courses, development pathways, and more.
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.
Personal development training
Virtual coaching services
Diversity
Dedicated diversity and inclusion staff
Diversity manifesto
Documented equal pay policy
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.
Mandated unconscious bias training
Diversity employee resource groups
Hiring practices that promote diversity
Diversity recruitment program
Health Insurance + Wellness
Dental insurance
Basic Dental covers preventive and basic restorative care; Major Dental covers all that Basic covers, plus restorations and orthodontia (limits apply).
Disability insurance
MassMutual offers both short term and long term disability insurance. Details: https://www.massmutual.com/-/media/files/employee_benefits.pdf
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.
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
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
Pet insurance
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.
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
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 - In 2025, specialized menopause care and support
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.
Transgender health care benefits
Wellness days
Abortion travel benefits
Our general medical travel benefit covers abortion-related travel needs.
Culture
Volunteer in 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.
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.
Open door policy
Open office floor plan
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/corporate-responsibility/foundation
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).
Team based strategic planning
OKR operational model
4-day work week
We offer a 4x10 option to employees with manager approval.
Employee resource groups
Employee-led culture committees
Day off for your birthday
MassMutual offers employees two flexible holidays per year to be used on the dates of their choice.
Quarterly engagement surveys
Hybrid work model
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.
Employee awards
Vacation + Time Off
Generous PTO
Paid holidays: 10 fixed and 2 flexible. Vacation: starts at 19 vacation and personal days per calendar year, with increases at 5-year service intervals and based on role/level.
Paid volunteer time
MassMutual offers three paid days for employees to volunteer with eligible nonprofits of their choice, and the MassMutual Foundation matches employee donations to eligible nonprofits up to $5000/yr.
Paid holidays
Paid sick days
MassMutual offers employees up to five paid 'take care' days per calendar year.
Flexible time off
Floating holidays
Bereavement leave benefits
Hardship benefits
Employees have up to 320 hours of caregiver leave to take care of loved ones when it matters most.
