New York Life boosts its employees’ financial wellbeing with these benefits.

New York Life | May 16, 2025

At New York Life, we believe that when our employees thrive, our company thrives. That’s why we offer a comprehensive suite of benefits designed not just to support our team today — but to help them build a more secure tomorrow. From student loan support to retirement plans, we provide tools that make a meaningful difference in our employees’ lives.

Retirement with more confidence

Planning for the future is easier with New York Life’s retirement benefits. We offer a 401(k) plan with a company match, plus pension benefits for many of our employees. Best of all, contributions — and our match — are 100% vested from day one. It’s our way of helping employees build long-term financial security right from the start.

Our 401(k) plan also includes smart features like automatic contribution escalation, portfolio rebalancing, and rollover options from previous employers — because saving should be seamless.

Education and student loan support

New York Life encourages professional growth by helping eligible employees advance their education. Our tuition reimbursement program makes it easier to pursue job-related courses and degrees.

For those still managing student loan debt, our repayment program offers non-officer employees up to $170 per month, up to a total of $10,200 — helping them move forward faster, financially.

Smarter healthcare spending

Healthcare costs can add up quickly, so we offer benefits that help employees stretch their dollars. Our health plan includes an option with a company-funded Health Reimbursement Account (HRA), which can be used to cover medical expenses, including deductibles. Employees can also earn additional funds for their HRAs by completing wellness activities.

We offer Flexible Spending Accounts (FSAs) for health and dependent care, allowing employees to pay for eligible expenses with pre-tax dollars. And our medical plans include savings programs like 90-day prescription supplies and specialty drug copay assistance — because managing health shouldn’t break the bank.

Support beyond the paycheck

We recognize that life happens outside of work too. That’s why we provide benefits that support employees in everyday ways, such as:

• Pre-tax commuting benefits for transit and parking
• Access to exclusive discounts on entertainment, travel, fitness and more
• Free 24/7 online tutoring and subsidized backup childcare
• Free confidential counseling services for employees and their families

Empowering smart choices

In addition to robust benefits, New York Life equips employees with financial education and tools to make smart decisions about these benefits — from choosing cost-effective healthcare options to understanding the value of Roth 401(k) contributions for future tax-free income.

At New York Life, we don't just offer jobs — we offer a foundation for financial wellbeing. It's part of our commitment to being a company where people can grow, feel supported, and plan for a more secure future.

Interested in joining a team that invests in you? Learn more about careers at New York Life.

Important Note – Please Read: This is a general summary of certain features of the following New York Life Insurance Company benefit plans: Group Plan for New York Life Employees, Flexible Benefits Plan, Employee Progress-Sharing Investment Plan (401(k) Savings), and Pension Plan (each, a “Plan” and collectively, the “Plans”). Specific terms, such  as eligibility and benefits, are determined only by the terms and conditions contained in the relevant Plan documents.  In the event of any conflict between the Plan documents and this information, the provisions of the applicable Plan documents will govern. New York Life reserves the right to amend or terminate the Plans, in whole or in part, at any time.

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