Clif Bar & Company
Company Facts
- Location: Berkeley, Calif.
- Type of business: Maker of all-natural and organic energy and nutrition foods and drinks
- Number of employees: 245
- Founded: 1992
- Web site: www.Clifbar.com
Benefit highlights
- 90 – 91 percent employer-paid medical insurance premiums for employees; 88 – 89 percent employer-paid medical insurance premiums for dependents
- 401(k) plan with a 100 percent employer match up to 5 percent of pay; average employee deferral of 8 percent
- Added an ESOP plan
- 100 percent employer-paid premiums for short- and long-term disability insurance
“We’ve always had a long-term focus on our business model. The same goes for our benefits. We only add things we know we can sustain over time.”
–Claudia Perkins, vice president of Human Resources, Clif Bar & Company
Percent of employees participating in 401(k) plan: 90%
How they've continued to protect the financial security of employees in this economy:
Clif Bar & Company not only maintained their employee benefits during the recession—they actually added to them. “Most recently, we added an ESOP. We’ve also added access to preferred provider discount plans, supplemental life and disability insurance, and financial planning services through our retirement plan provider,” says Claudia Perkins, vice president of Human Resources, Clif Bar & Company.
Other interesting facts:
- Extremely robust wellness program, including an on-site gym with free personal training, nutrition counseling and $500 allowance toward purchasing a commuter bicycle
- Voluntary turnover rate of less than 3 percent
- Offers a variety of “green” benefits, including $6,500 (taxed) towards the purchase of a hybrid car and $1,000 taxable allowance each year towards green home updates
Why Judges Selected Clif Bar & Company
Watch a video of comments from 10 Best judge Corey Rosen.
Read the transcript
“Clif Bar and Company stood out for many reasons. They have a terrific wellness program with an extraordinary set of things they do to help keep people healthy. But on top of that, they also have a very strong retirement program with significant company funding—and they’re also adding an ESOP program.”
– Corey Rosen, 10 Best judge and executive director and founder, National Center for Employee Ownership
Financial professionals who advise Clif Bar on their benefit programs:
- Benefits consultant: Matthew C. Swinnerton, PRECEPT
- Independent investment advisor: Keri Spanier, Oakridge Benefits
