Our healthcare benefits package includes both curative and preventative components. They are intended to help cover the cost of treatment for our employees who get hurt or sick and help them reduce or avoid conditions that might lead them to get hurt or sick.
We provide an extensive package of medical, dental and vision insurance plans, Health Savings Accounts and Flexible Spending Accounts. Our plan also includes accident and critical illness coverage.
Under normal (pre-pandemic) circumstances, we sponsor an annual health fair where free fu shots and biometric screenings are available. We offer an incentive program for routine medical exams and health education courses. We reimburse a portion of our employees’ external gym memberships and health programs. Some of our office locations have treadmill workstations, and our San Antonio headquarters has a complete fitness facility that is available at no cost to our employees.
Our supportive workplace provides in-house training and career development. Opportunities within the organization are available to any qualified candidate from across functional areas of the firm. We also reimburse employees for certain work-related education expenses to support them in broadening or honing their talents.
We want our team members to reach the right balance between their personal lives and professional obligations. This includes unlimited paid vacation for salaried employees, additional flexible paid time off and paid parental leave.
Victory Capital’s established Paid Military Leave Policy helps those who serve in the Guard and Reserves meet their service obligations. They are eligible for paid time off in the event they are called to active or temporary military duty.
We support our employees who enlist in the U.S. Armed Forces after they are hired by providing them paid leave for up to a year. Then, when they return to work, their jobs are still available because we follow the Department of Labor’s Uniformed Services Employment and Reemployment Rights Act’s (USERRA) “escalator principle.” When our employees return from Paid Military Leave, they are eligible to be reinstated to the position they would have attained if their employment had been uninterrupted.
Our team members enjoy discounts on products and services from brand-name vendors with which we have partnered.
Benefits include a variety of life and disability insurance options as well as a legal services referral program.
Our 401(k) plan offers generous matching, vesting and loan provisions, and we have contracted with an administrator that offers financial wellness education and planning tools to help our people better prepare for retirement. And we augment our employees' retirement savings when possible.
For example, we implemented a special profit-sharing award to compensate our employees for exceptional execution in 2020. During a difficult year, our employees’ efforts helped us end 2020 with record results. Thus, we rewarded our team members with a special, one-time 401(k) profit-sharing contribution.3
To encourage wide participation and utilization of our comprehensive benefits package, all new employees are welcomed into Victory Capital through a focused onboarding process. Onboarding helps us explain benefits, maximize their value to employees, and simplify enrollment.
We use onboarding to educate employees about the firm’s policies and procedures. They use our Security Education Platform to understand their role in data security, which is reinforced regularly through mandatory continuing education. Onboarding helps introduce employees to our company culture and values.