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OK, so.
Having never held a 'real job', I need some advice.
Do those sound like /poor/ fringe benefits or *good* fringe benefits?
1. BCBS coverage for the entire family, with any visits to any doctors at any of the St. Cloud Medical Group clinics being gratis (imaging other than plain X-ray is not gratis, but is covered by BCBS)
2. 401 K which you are eligible for after your first year (okay, 17 months because of the enrollment period) with 12 funds to choose from, and the employer matches 75 cents to the dollar, fully vested after 6 years (0%, 20%, 40$, etc), plus any quarterly profits being placed in the 401K after the first year
3. Life insurance-- 20K worth.
4. Disability insurance-- 4-6K of portable insurance and then non-portable to 65% of your income.
5. All moving expenses paid for.
6. 5 paid sick days. 16 vacation days. 4 Continuing Medical Education days (count as vacation).
7. $3K toward continuing medical education expenses.
8. $1K to cover your choice of dental & optical plans for the year.
Maybe I'm just razzle-dazzled by my first job offer ever?
Do those sound like /poor/ fringe benefits or *good* fringe benefits?
1. BCBS coverage for the entire family, with any visits to any doctors at any of the St. Cloud Medical Group clinics being gratis (imaging other than plain X-ray is not gratis, but is covered by BCBS)
2. 401 K which you are eligible for after your first year (okay, 17 months because of the enrollment period) with 12 funds to choose from, and the employer matches 75 cents to the dollar, fully vested after 6 years (0%, 20%, 40$, etc), plus any quarterly profits being placed in the 401K after the first year
3. Life insurance-- 20K worth.
4. Disability insurance-- 4-6K of portable insurance and then non-portable to 65% of your income.
5. All moving expenses paid for.
6. 5 paid sick days. 16 vacation days. 4 Continuing Medical Education days (count as vacation).
7. $3K toward continuing medical education expenses.
8. $1K to cover your choice of dental & optical plans for the year.
Maybe I'm just razzle-dazzled by my first job offer ever?
no subject
1. Sounds great. Not to sound cynical, but I would expect no less. You guys are doctors, after all.
2. This is the weakest point. The eligibility time is kinda long, and the vesting time is horrible. At least they match, which isn't a guarantee, anymore. From your words, it sounds like any profit sharing is dumped into the 401(k): you don't pay taxes on it, but you can't touch it. I like my bonuses in cold, hard, valid US currency vs. 401(k) dumps, but that's me. Again, my perspective is more mid-to-large business, and many small businesses are not as generous on the retirement side.
3. Poor. Half of that will get eaten putting you in the ground, and doesn't leave much to make up for your lost wage (generally the point of life insurance). I've seen a lot of multiple-of-base-salary, with the option to buy more. Fortunately, I've never seen it executed.
4. I've never had portable disability, but the 65% is typical (in my experience) for non-portable. Check the duration of coverage.
5. Fantastic. Find out what the cap is, and what is considered a moving expense (closing costs?).
6. I like Paid Time Off (PTO) myself, which is sick/vacation/personal all rolled up ('cause I rarely get sick), but you have the flexibility of not working when you don't want to, so. Three weeks to start is above average, for vacation.
7. I've seen the gambit from nothing to full tuition and in-between. If this is reasonable from the standpoint of your continuing education needs, then there you are.
8. Cool. Dental and optical are a lot cheaper than health, so I guess you'll just have to shop it.
In addition, you have the benefit of a very flexible schedule (from the sounds of it), which is worth its weight in gold, in your case. How much value that has is up to you. And yes, you are razzle-dazzled: the first-ever job offer always looks great, 'cause it has that 'they want me!' shine on it. Doesn't mean you aren't worth it, and in fact, I'd wager you're worth more (you almost always are). Just remember that everything is negotiable, so if you want something, ask. The worst they'll say is no.