Tienda 
Benefits
Insurance Benefits
Health Insurance
The MathWorks provides staff members and their families with comprehensive health coverage. The inclusive BlueCross BlueShield Blue Care Elect PPO plan offers quality health care and freedom of choice. The monthly amount for individual coverage is $75. The monthly amount for family coverage is $250. Highlights include:
- Freedom to choose any BC/BS Physician without first obtaining a referral
- $20 copayment when using in-network outpatient services
- Up to $150 annual reimbursement per household for fitness center membership, including membership in our own onsite facility
- 80% coverage of out-of-network services (after an annual deductible of $100 per individual or $300 per family)
- Prescription drug coverage
- Eye examination coverage and eyewear discounts
- Unlimited chiropractic visits
Dental Insurance
The MathWorks Dental Benefit Program provides comprehensive coverage through Blue Cross Blue Shield’s Dental Blue Plan. The monthly amount for individual coverage is $9. The monthly amount for family coverage is $33. Highlights include:
- 100% coverage for diagnostic and preventative care, with no deductible
- 100% coverage for all basic restorative work, such as fillings, and 60% for all major restorative work, such as crowns and dentures
- Freedom to choose an in-network or out-of-network provider
- Orthodontia coverage for adults and children
Life Insurance
In the event of the death of a staff member, The MathWorks provides life insurance coverage to help protect the financial security of the survivors.
The basic life insurance, equivalent to a staff member's annual salary with a maximum of $150,000, is provided free of charge. Staff members may purchase an additional 1, 2, 3, or 4 times their salary to a maximum of $800,000 (total combined with company-provided coverage).
Domestic Partners
Health, dental, and optional life insurance benefits are offered to same-sex domestic partners in states that do not recognize same-sex marriage.
Disability Benefits
The MathWorks provides short- and long-term disability plans, which are 100% company paid. These plans offer protection against income loss when illness or injury prevent a staff member from working.
Flexible Spending Accounts
These plans allow staff members to contribute up to $3000 on a pretax basis for eligible nonreimbursed medical- and dental-related expenses and up to $5,000 on a pretax basis for eligible dependent care expenses.
Vacation and Holidays
The MathWorks offers a variety of benefits to provide staff members with free time for rest, relaxation, and personal pursuits.
Vacation Days
Vacation time accrues monthly for a total accrual of 15 vacation days at the end of the first year of employment. After four years of service, the rate of accrual increases, adding one day per year up to a maximum of five weeks.
Personal Days
Staff members have up to 24 hours of paid personal time each year to use at their discretion.
Holidays
The MathWorks provides paid time off to celebrate the following established legal and traditional holidays: New Year's Day, Presidents' Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and the Friday after, and Christmas Day.
Training and Development
Training and development is not only strongly encouraged at The MathWorks, it is a key part of our company's purpose and our core values. We encourage every staff member to foster his or her own personal and professional development by participating in at least 40 hours of training every year. We provide and facilitate many opportunities to achieve this goal.
Training at The MathWorks
The MathWorks believes in reinvesting some of our hard-earned profits in ourselves. To that end, we make a variety of training options readily available, including:
- In-house seminars
- Public seminars
- On-site high-tech MBA certificate program
- Subscriptions to professional organizations and periodicals
- Industry conferences
- Tuition assistance for formal continuing education programs
- Business-related books and tapes
Tuition Assistance
The MathWorks encourages educational development and excellence and will partner with you to help you achieve your higher education goals. Opportunities may be pursued through our tuition assistance plan.
- Reimbursement at 100% of the cost for tuition, fees, and books for two approved courses at one time
- Total maximum reimbursement of $5,000 per calendar year
401(k) and Bonus Plan
Stakeholder Bonus Plan
The Stakeholder Plan is a quarterly bonus program designed to reward and encourage staff members' contributions to the success of The MathWorks. Three factors determine the amount given: company profitability, individual performance, and individual salary. The Stakeholder Plan has been in place since 1993 and has paid out every quarter since then.
401(k) Plan
The MathWorks offers a 401(k) Savings and Investment Plan with a choice of thirteen investment funds and a self-directed brokerage option. Staff members may contribute up to 50% of their total pay on a pre-tax and/or Roth 401(k) basis and up to 25% on an after-tax basis. The MathWorks matches 50% of the first 6% that a staff member contributes pre-tax. Depending on year-end profitability, The MathWorks may elect to match an additional amount. Historically, The MathWorks has elected to match a total of 100% of the first 6% of pre-tax contribution.
Fitness and Recreation
The health and well-being of staff members are very important to The MathWorks. We have many programs in place to support the notion that our staff members are "real people" with lives and interests outside their jobs.
Fitness Center
Our state-of-the-art fitness center, located on-site, is open 24 hours a day, seven days a week. In addition to the wide variety of cardio and nautilus machines, free weights, and other exercise equipment, the fitness center offers group exercise classes, personal training, nutrition counseling, health education, and wellness seminars and classes.
Sports and Physical Recreation
The many sports and recreation enthusiasts at The MathWorks are encouraged to pursue their interests. Runners and speed walkers have ready access to nearby backroads and woodland trails. Outdoor basketball nets are located behind the parking garage, and staff members often play pick-up games at lunchtime or after work. We also support more organized sporting activities, such as soccer and golf leagues, a gardening club, and mountain biking.
Museum and Movie Passes
As a corporate sponsor of the Museum of Science and the Children's Museum, The MathWorks receives free passes each year for use by staff members and their families. We also have reduced-price movie tickets available for purchase that are good at all AMC, Loews, and Regal Theatres.
Extras
We provide a wide variety of personal services and amenities to help staff members cope with the demands of daily life.
Referral and Counseling Services
Through Sobel & Raciti and Resources on Call, we offer a range of free and confidential services, including financial and legal advisors, child and elder care referrals, and confidential counseling. Counselors can be reached 24 hours a day by calling a toll-free number.
Paid Volunteer Time
Full-time staff members are eligible for 8 hours of paid time off per calendar year to be used for community service activities.
Other Amenities
- Lactation room
- Dry cleaning pick-up and delivery service (for a fee)
- Weekly table massage (for a fee)
- Free hot and cold drinks and fresh fruit all day
- Free breakfast every Wednesday
- Free fresh-baked cookies every Friday
