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MarketAxess is committed to providing you with a rewarding employee experience. That begins with a comprehensive and industry-leading benefits program to support your (and your family’s) total wellbeing. Here, you’ll find all the information you need to take full advantage of the plans and resources available to you.
New hire benefits orientation
Watch this webinar to learn about your MarketAxess benefits and how to enroll.
Eligibility
Please review the eligibility requirements for MarketAxess health and welfare benefits below.
For you
You are eligible for health and welfare benefits if you are a full-time employee regularly scheduled to work at least 30 hours per week (or the minimum number of hours to comply with state mandates).
For your dependents
Your dependents become eligible for coverage on the same date you do. Documentation for dependent eligibility will be required. Eligible dependents are your:
- Legal spouse/domestic partner
- Dependent child(ren) as follows:
- For medical benefits: Children under age 26, including stepchildren, foster children and adopted children
- For dental and vision benefits: Unmarried children under age 26 who depend on you for support, including stepchildren, foster children, and adopted children
- For medical, dental, and vision benefits: Disabled child of any age (with documentation) who is dependent on you for support due to a mental or physical handicap that began before reaching age 19
Requirements for enrolling in domestic partner coverage
If you would like to enroll in MarketAxess benefits for your domestic partner and/or your domestic partner’s children, you must take the following steps within 30 days of becoming eligible for coverage:
- Review the Summary of Tax Treatment of Coverage Provided for Domestic Partners and Their Children to understand the requirements for qualifying another person as your federal tax dependent for health coverage purposes.
- When making your elections in UKG, enter your dependents’ information and follow the instructions to submit the required documentation for proof of eligibility.
- Complete and submit the following documents to the HR Team at HRTeam@marketaxess.com.
Benefit options
As a MarketAxess employee, you have a wide range of benefit options. Explore this website to learn about:
Medical
- HDHP with HSA
- PPO Plan
- EPO Plan
- Prescription Drug Coverage is included with all plans
Supplemental Medical
Dental
Vision
Savings & Spending Accounts
- Health Savings Account (HSA) with company contribution
- Health Care Flexible Spending Account (FSA)
- Dependent Care FSA
Life and AD&D Insurance
- Employee supplemental life and AD&D
- Spouse/partner voluntary life and AD&D
- Child voluntary life and AD&D
Disability Insurance
You automatically receive Company-paid disability benefits; no need to enroll
Additional Benefits
Enroll/participate any time of year
Plan comparison
MarketAxess offers three comprehensive and industry-leading medical plans to choose from. To help you compare your options and choose the right plan for you and your family:
- Compare the medical plans on this website using the interactive plan comparison table.
- Use the Medical Plan Cost Estimator to quickly see which medical plan may be best for you and how much you could save with a Health Savings Account (HSA) or Health Care Flexible Spending Account (FSA).
- View your 2024 premiums below. Your costs will also be shown in UKG as you enroll.
Employee contributions
Your bi-monthly costs for health coverage are shown below. Your costs will also be shown in UKG as you enroll.
2024 per-paycheck medical plan premiums
| HDHP with HSA | PPO Plan | EPO Plan | |
|---|---|---|---|
| Salary under $100,000 | |||
| Employee Only | $39.00 | $97.00 | $39.00 |
| Employee + Spouse | $78.00 | $199.00 | $78.00 |
| Employee + Child(ren) | $65.00 | $167.00 | $65.00 |
| Family | $114.00 | $290.00 | $114.00 |
| Salary $100,000 to $149,999 | |||
| Employee Only | $59.00 | $122.00 | $59.00 |
| Employee + Spouse | $117.00 | $257.00 | $117.00 |
| Employee + Child(ren) | $97.00 | $212.00 | $97.00 |
| Family | $172.00 | $370.00 | $172.00 |
| Salary over $150,000 | |||
| Employee Only | $78.00 | $135.00 | $78.00 |
| Employee + Spouse | $158.00 | $282.00 | $158.00 |
| Employee + Child(ren) | $133.00 | $238.00 | $133.00 |
| Family | $233.00 | $414.00 | $233.00 |
2024 per-paycheck dental plan premiums
| Dental PPO Plan | |||
| Enrollment tier | Salary under $100,000 | Salary $100,000 to $149,999 | Salary over $150,000 |
| Employee Only | $4.10 | $5.15 | $6.35 |
| Employee + Spouse | $8.20 | $10.75 | $13.25 |
| Employee + Child(ren) | $8.85 | $11.85 | $14.75 |
| Family | $13.00 | $17.20 | $21.90 |
2024 per-paycheck vision plan premiums
| VSP Network Signature Plan | |
| Enrollment tier | Employee cost per paycheck (all salaries) |
| Employee Only | $5.12 |
| Employee + Spouse | $8.62 |
| Employee + Child(ren) | $8.79 |
| Family | $13.91 |
Decision support
Choosing the right benefits is important. Our decision support resources can help you understand your options and select the right coverage for you and your family.
- This website – Browse this website to learn about the many health, financial, and other benefits available to you.
- Medical Plan Cost Estimator – Determine which plan might be best for your situation by estimating your total costs under each plan and seeing the value of contributing tax-free money to a Health Savings Account (HSA) or Health Care Flexible Spending Account (FSA).
- 2024 Contribution Rates – View your costs for health care coverage in 2024.
How to enroll in health and welfare benefits
To enroll in health and welfare benefits, you will need to make your elections in UKG. Here’s what you need to do.
Step 1: Log into UKG
You will need to log in to OKTA to access UKG. If you need help enrolling, contact the HR Team.
Step 2: Select a Life Event Session
Under Myself > Life Events > I am a new employee, complete your enrollment information.
Step 3: Review & Submit Elections
Click "Draft" to continue making your elections at a later time or click "Submit" to complete your elections now. If you click "Submit", you cannot make any changes without the assistance of the HR Team. You can print the Confirm Your Changes page. If you click "OK", the Confirmation page appears.
Do I need to enroll?
Yes, you MUST take action within 30 days of your hire date to have the benefits you want in 2024. If you don’t enroll, you will only receive automatic company-paid benefits, such as basic life, basic AD&D, and disability insurance.
Remember!
- Be sure to provide the necessary dependent information to enroll eligible family members.
- Make sure you’ve provided beneficiary information for your life insurance.
Don’t miss out
If you don’t enroll within 30 days of your hire date, you cannot make benefit elections until our Open Enrollment period, unless you notify Human Resources within 30 days of a qualifying life event.
How to enroll in the 401(k) Savings Plan
You are eligible to participate on the first of the month following your date of hire. Enrolling is easy!
Step 1: Choose your payroll contribution amount.
- Log in to OKTA to access UKG (formerly known as UltiPro).
- Select Myself > Life Events > Change my 401(k) contribution. Election amount must be a whole percentage.
Important: Contribution rate elections made on Fidelity’s website will NOT update your payroll contributions. You must go through UKG to set or change your contribution rate.
Step 2: Choose your investments and name a beneficiary.
- Go to Fidelity’s website at 401k.com and click the “Log in or register” button.
- Click “Register as a new user” and follow the prompts to provide your personal information and create your unique username and password. Then, log in to see all the features and information on your personalized NetBenefits homepage, learn about your investment options, and more.
- To name a beneficiary, click the “Profile” link, select “Beneficiaries,” and follow the prompts.
Step 3. Make changes at any time.
- To change your investment elections, log in to Fidelity’s website or call Fidelity at 800-835-5097.
- To change your contribution rate, log in to UKG and select Myself > Life Events > Change My 401(k).
Important!
Make sure to provide beneficiary information for your 401(k) Savings Plan account. Log in to Fidelity’s website to name or change a beneficiary.
Other Valuable Benefits & Information
Your MarketAxess comprehensive benefits package is a lot more than medical and dental coverage! You have access to a wide variety of programs, plans, and perks to help you save money and balance work and personal responsibilities.
Dress For Your Day
MarketAxess has a “Dress for your Day” policy, meaning that employees may wear casual dress at work. Business dress may be more appropriate for client and other external meetings.
Keep in mind:
- Employees should exercise judgement based on their meeting schedule.
- Remember, this is our workplace and it should reflect an environment of professionalism and respect.
Examples
While the lists below are not all-inclusive, they will give you some guidance as to what is appropriate to wear.
Appropriate
- Jeans (not ripped)
- Khakis/chinos and corduroys
- Golf/polo shirts
- Sleeveless blouses
- Casual dresses and skirts
- Dressy sandals
- Sneakers/trainers (clean and presentable)
- You may wear appropriate religious and cultural dress unless it creates a health and safety risk to you or any other person or otherwise breaches this policy
Not appropriate
- Workout attire (yoga pants, leggings, tracksuit trousers, tank tops)
- T-shirts with advertising and other gym wear
- Clothing with spaghetti straps or halter tops
- Shorts
- Flip flops
- Ripped or torn clothing
- Cold-shoulder shirts (tops with sleeves that have a hole in the shoulder)
- Beachwear
- Thigh high boots
- Sheer or transparent fabric
- Hoodies (except MarketAxess branded hoodies)
Free Lunch
Employees who commute to 55 Hudson Yards can take advantage of our free lunch service when in the office. This service is provided through Fooda. Learn more.
Note: Alternative arrangements are available for our other US offices.