Benefits at Parallel Markets

Parallel Markets provides unlimited time off, flexible spending account (fsa), medical coverage and 15 other employee benefits and perks.

Healthcare benefits

Healthcare advocate

By virtue of Parallel offering Aetna-sponsored health plans, each Parallel employee will automatically be provided with a Health Advocate membership. Health Advocate is the nation’s leading healthcare advocacy and assistance company, serving some of the nation’s largest companies and more than 40 million people. Health Advocate provides unlimited, confidential access to a dedicated consultant.

Healthcare benefits

Teladoc

As part of Parallel’s enrollment in Justworks’ health plans, our employees have access to Teladoc at no additional charge. Teladoc helps employees access on-demand health insurance anytime, from almost anywhere. Teladoc offers virtual health services, which allows you to speak to a physician via phone or video. That means a physician is always just a call, click or swipe away.

Healthcare benefits

Health savings account (HSA)

Certain of Parallel’s health plans permit HSAs. An HSA is a pre-tax savings account for employees with a qualified high deductible health plan. Those enrolled in HSAs can make accumulated tax-free contributions to pay for health insurance costs for themselves and tax dependents. hey can also contribute to their deductible. Funds within an HSA can rollover from year to year.

Learning and development budget

Continuing education allowance

If you’re interested in taking classes that you feel improve you professionally or personally, you have a $1,000 annual stipend to do so. This stipend is also prorated in your first year at Parallel, depending on the month you start. Some people take classes directly related to their careers, while some take photography lessons or learn a musical instrument. It’s up to you.

Commuter benefits

Commuter benefits

For those working near our NY office, Parallel provides commuter benefits via WageWorks. Parallel employees can use tax-free funds to pay for public transportation - such as train, subway, bus or ferry - as part of their daily commute to work. Funds are moved to the account before taxes are deducted, which reduces the overall tax burden.

Healthcare benefits

One Medical

As part of Parallel’s enrollment in JustWorks’ health plans, our employees have access to One Medical at no additional charge. Outside membership in One Medical typically costs $199 per person per year. One Medical is a top quality and service level doctors office that provides top-rated health insurance professionals to their patients.

Co-working space budget

Shared workspace reimbursement

If you’d like to work from a co-working space, Parallel will reimburse up to $1,000 per calendar year for those costs. Please note that you’ll be responsible for any commitments made to the co-working host, so make sure if you sign a long term agreement that you’re willing and able to cover any costs above the reimbursable amount.

Unlimited time off

Unlimited paid time off

We trust our employees and our process. Autonomy and self-reliance/management are some of our most important values. We want to give you the flexibility to take as much time as you need so long as your work gets done and gets done well. We also designate ten holidays each calendar year for employees in the United States.

Retirement benefits

Retirement planning

Parallel employees have the ability to contribute to our Slavic401(k) program. A 401(k) is a type of retirement savings plan sponsored by an employer. It lets employees save and invest a portion of their paychecks either before taxes are taken out (traditional) or after taxes (Roth).

Healthcare benefits

Vision coverage

Currently, Parallel offers vision benefits under two different plans, the Aetna Vision and Aetna Vision+ plans. Similar to the medical and dental plans, you will have the optionality to cover yourself individually or your entire family.

Healthcare benefits

Flexible spending account (FSA)

All of Parallel’s health plans permit FSAs. An FSA is an employee benefit that allows employees to use pre-tax dollars to pay for out-of-pocket health insurance or dependent care expenses.

Healthcare benefits

Dental coverage

Currently, Parallel offers dental benefits under two different Aetna plans. Similar to the medical plan, you will have the option to cover yourself individually or your entire family.

Company retreats

Annual meatspace meeting

Once a year, we gather for our annual meatspace meeting. Everyone will be flown to a single destination, where we get the chance to spend time together in meat space.

Home office budget

Home office budget

Anyone can work from home (or anywhere else they’d like), and the company will cover up to $1,000 every three years outfitting your home office.

Healthcare benefits

Medical coverage

Currently, Parallel offers medical benefits under four different Aetna plans that each include an option to cover your spouse and dependents.

Company events

Company events

We prioritize work events where travel and physical interaction are involved (like meetups, events, conferences, etc.).

Flexible working hours

Flexible working hours

We accommodate all kinds of lifestyles and life stages. Come work on your terms.

Generous vacation

Unlimited Time Off

We have a generous PTO policy to help encourage work life balance.

KYC
Number of employees

11-50

2018

Tony Peccatiello

These are the countries where employees are currently based.

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