Marcus & Millichap Company - Careers in Real Estate - Benefits

Benefits

Marcus & Millichap Company (MMC) provides competitive benefits that support the variety of lifestyles of our staff. Wherever possible, we have avoided the use of a single plan when choices are available. Our guiding principle has been to provide an assortment of cost-effective programs that provide flexibility and value.

MMC is proud to provide an excellent group of employee benefit plans and programs designed to attract and retain the most talented employees. Employees become eligible to participate in most benefit plans as of their date of hire.

Medical

Marcus & Millichap Company and its subsidiaries offer the freedom to choose from a variety of health plans, including HMO, PPO or POS options from carriers such as Blue Shield of California and Kaiser.

Eligible dependents include spouse and unmarried dependent children under age 19 (to age 25 if attending school full-time).

Employees share in the cost of their medical plan through pre-tax payroll deduction of premiums. The level of employee cost varies by plan type and level of coverage selected. Employee premium costs are available by contacting the Employee Services Department.

All medical plans provide coverage for prescription medications with a small co-pay for a 30-day supply of generic medications and a slightly higher co-pay for brand name medications. Some options also offer a mail order program for recurring medications, which may provide considerable savings on maintenance drug costs.


 
Dental

The Aetna Freedom of Choice dental plan provides the opportunity to select from either a PPO or DMO style benefit plan. The plan allows participants to switch between the DMO and PPO monthly. Restrictions do apply regarding monthly plan changes.


 
Long-Term Disability Coverage

This plan will help replace or supplement income in the event of a long-term injury or illness. In addition, this plan allows employees to buy an additional amount to ensure complete protection.

How the benefit works - if you are injured or sick and cannot work, this plan will pay 40 percent of your monthly earnings (to a maximum of $5,000 per month). Since most of us cannot sustain our standard of living on 40 percent of our earnings, you have the opportunity to purchase an additional 20 percent (to a maximum of $10,000 per month).

  • Core – 40 percent to $5,000 (company paid) – Taxable Benefit
  • Buy-up – 60 percent to $10,000 (employee paid) – Taxable Benefit

 
Employee Assistance Program

Employee Connect is available 24 hours a day, seven days a week with support, guidance and resources.

  • Assistance for employees or an immediate household family member.
  • Up to 4 in-person counseling sessions for mental-health related matters.
  • Telephone and/or Web access availability.
  • Up to one fifty-minute telephonic session with a Work Life professional per year, per topic:
    • Financial, legal, child care, elder care

 
Group Life/AD&D

In the event of death for any reason, our life insurance coverage pays benefits to employee beneficiaries in an amount equal to the annual base salary (up to $200,000). This protection is provided by the Company, at no cost to employees, and is insured through Jefferson Pilot Financial.

AD&D insurance pays benefits equal to the annual base salary (up to $200,000) if an employee suffers death or serious injury due to a covered accident. This coverage applies only if the injury or death is the result of an accident, and is in addition to the regular employee life insurance. This additional protection is also provided by the Company at no cost to the employee.


 
Voluntary Life Benefit

Employees have the opportunity to purchase additional life insurance through a supplemental life plan through Jefferson Pilot Financial. Employees may purchase up to 5x salary, from $10,000 to $500,000. Rates are based on employee age and are calculated on a per $1,000 of benefit coverage.


 
Fitness Membership Discount Program

We have partnered with Equinox Fitness Clubs to offer our employees reduced monthly fees for club memberships in most major cities where we have offices.

Features of this program are:

  • Waived initiation fee (a savings of up to $545).
  • Reduced monthly membership fees.
  • Membership dues can be setup as a payroll deduction.
  • Spouse or domestic partner can be covered for an additional fee.

 
Holidays

Employees typically enjoy nine paid holidays each year:

  • New Year’s Day
  • President’s Day
  • Memorial Day
  • Independence Day
  • Labor Day
  • Thanksgiving Day
  • The Day after Thanksgiving
  • Christmas Day
  • Floater

 
Sick Days

Employees have 40 hours of paid sick time each year. Those days can be used for personal illness, family illness or healthcare appointments. The 40 hours is renewed each year on the anniversary of the employee’s hire date.


 
Other Time Off

In addition to vacation time, other types of time off include Maternity Leave, Bereavement Leave, Leave of Absence, Jury Duty, Witness Duty and Time Off to Vote. Some of the above absences will be paid and others will be without pay.


 
Educational Assistance

Employees are encouraged to continue learning within their profession or career. Accordingly, all full-time employees may be eligible for full or partial reimbursement of tuition costs for courses directly related to their performance or position.


 
Employee Referral Program

By directly referring a candidate for employment who is subsequently hired, employees are eligible for a referral bonus. After the referred employee completes 90 days of employment, a $1,000 referral bonus will be paid.


 
401(k) Plan

Employees are eligible to participate in the 401(k) plan, which allows participants to set aside pre-tax money for retirement through payroll deductions. Participants may defer up to 100 percent of their gross earnings (subject to federally mandated maximum annual deferrals). The Company matches 50 percent of each dollar of employee contributions, up to a maximum match of $1,000 annually.


 
Credit Unions

Employees may participate in the Stanford Federal Credit Union upon commencing employment.


 
Casual Dress

Casual business attire is allowed only on “Casual Days” as announced by Management. This is in effect where more casual clothes are acceptable.


 
Discounted Laundry Services

We have partnered with local laundry service vendors to provide discounted services for most services offered. Varies by location.


 
Discounted Tax Preparation

Our business partners at ADP have negotiated discounted services on tax preparation products and services with many industry leaders. Services also include electronic tax filing and tax planning tools.


 

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