Synaptics Inc.
"Benefits are an integral part of our culture."
– Jim Harrington, vice president human resources, Synaptics
Company Facts
- Location: Santa Clara, Calif.
- Type of business: Developer of human interface solutions for mobile computing, communications and entertainment devices
- Number of employees: 533
- Founded: 1986
- Web site: www.synaptics.com
Benefit highlights
- 100% employer-paid medical insurance premiums for employees
- 90% employer-paid medical insurance premiums for dependents
- 401(k) plan with an employer match of 25% up to the federal limit; average employee deferral of 9% percent
- 100% employer-paid premiums for short- and long-term disability insurance
Percent of employees participating in 401(k) plan: 81%
How they've continued to protect the financial security of employees in this economy: Synaptics has maintained its benefits and increased its focus on financial education. The company's retirement plan service provider also meets one-on-one with employees. "We coached people not to panic," explains Jim Harrington, vice president human resources at Synaptics.
Other interesting facts:
- Synaptics invented the touch screen and the click wheel sensory for the iPod
- Company executives undergo mandatory diet and exercise training each year
Why Judges Selected Synaptics Inc.
Watch a video of comments from 10 Best judge Nevin E. Adams.
Read the transcript
"Synaptics did some interesting things that really did help them stand out. They were paying for advice that employees are getting about their financial decisions. It's hard these days to know what's the right thing to do for the employer to be able to step in there at Synaptics and say that we're going to pay for somebody to come in and help people make the right choices, that makes a big difference."
— Nevin E. Adams, 10 Best judge and editor-in-chief, PLANSPONSOR Magazine, PLANSPONSOR.com, PLANADVISER Magazine
"It's a very big commitment as they match their benefit programs to their core values. It says a lot."
— Angelo M. Nardi, CEBS, Executive Vice President, Gallagher Benefits Services, Inc.
