goldmansachs.com/careers
January 2024
US BENEFITS
PROGRAM
Goldman Sachs knows that to be successful we must attract, retain
and motivate people from many backgrounds and perspectives.
That is why we are proud to offer a highly competitive benefits
program as part of the total reward of working at the firm. The
following benefits and offerings are generally available to active,
non- temporary, full-time and part-time US employees who work at
least 20 hours per week.
Healthcare, Insurance and Other Benefits
WHEN COVERAGE TAKES EFFECT
Coverage, if elected, generally takes effect on your first day of employment
ELIGIBLE DEPENDENTS
Coverage for spouse, same or opposite sex domestic partner and children up to age 26
HEALTHCARE: MEDICAL
AND PRESCRIPTION DRUG
Medical
Medical coverage available from two preferred provider organization (PPO) plan options and two high-deductible health
plan options
No pre-existing condition limitations
Generally, no lifetime maximum limitations for coverage
Prescription drug
Retail/mail order prescription drug coverage
Cost
Majority of premiums subsidized by the firm
Premiums are generally paid for with pre-tax employee contributions and are based on level of Total
Compensation*, plan options elected and number of individuals covered
DENTAL INSURANCE
Dental coverage available from a PPO plan option and health maintenance organization (HMO) plan option
Ability to visit any dental provider under PPO option. Must go to in-network provider under HMO option
Coverage for diagnostic and preventive care and basic/major restorative care up to $2,000 annually per individual for
PPO option. No limit applied to HMO option.
Premiums are generally paid for with pre-tax employee contributions
VISION INSURANCE
In- and out-of-network benefits for eye examinations, eyeglass lenses, frames, and contact lenses
Premiums are generally paid for with pre-tax employee contributions
SHORT-TERM
DISABILITY INSURANCE
Coverage of 100% of base salary for up to 26 weeks in a rolling 52-week period if unable to work due to pregnancy
or a qualifying illness/injury
No cost to the employee (except in California)
LONG-TERM
DISABILITY
INSURANCE
Core coverage (at no cost to the employee)
Coverage of 50% of Total Compensation* (maximum monthly benefit of $12,000) if disability lasts longer than 26
weeks in any 52-week period and approved by Prudential Insurance Company
Optional coverage (after-tax cost to the employee)
Additional employee-paid group coverage equal to 10% of your Total compensation*, up to a maximum monthly
benefit of $3,000, is also available
Supplemental disability income coverage (after-tax cost to the employee)
Voluntary supplemental coverage of up to an additional maximum benefit of $20,000 per month. When combined with
the 50% firm provided and 10% optional group LTD coverage, SDI can provide income protection of up to 75% of your
eligible Total Compensation*, with a maximum benefit of $35,000 per month.
Paid for with after-tax employee contributions (guaranteed premiums until age 65)
January 2024
LIFE INSURANCE
Basic coverage
Employee coverage of 1.5 times Total Compensation* (maximum coverage of $200,000)
No contributions by the employee (however, the premium costs for coverage in excess of $50,000 are taxable to
the employee)
Optional coverage
Additional employee coverage: Voluntary coverage from 1 to 8 times Total Compensation* (maximum coverage of
$4,000,000)
Spouse/domestic partner coverage: Voluntary coverage in multiples of $25,000 up to 100% of the sum of firm- provided
employee basic coverage and optional coverage (maximum coverage of $500,000)
Paid for with after-tax employee contributions
Includes estate resolution and will preparation services at no cost
BUSINESS TRAVEL ACCIDENT
INSURANCE
Coverage of five times Total Compensation* (maximum coverage of $2,000,000)
No cost to the employee
MEDICAL BENEFITS ABROAD
Provides global emergency and non-routine healthcare coverage to employees and their eligible dependents while
travelling on firm business outside the employee’s country of permanent assignment
No cost to the employee
PERSONAL ACCIDENT INSURANCE
Voluntary coverage for the employee and eligible dependents in the case of accidental death or dismemberment in
multiples of $10,000 up to $1,000,000 (coverage above $500,000 limited to 10 times Total Compensation*)
Paid for with after-tax employee contributions
PERSONAL EXCESS LIABILITY
INSURANCE
Additional voluntary liability protection for the employee, spouse, domestic partner, and relatives who reside with the
employee if a lawsuit exceeds the coverage provided under automobile, homeowner’s, tenant’s, recreational vehicle, or
watercraft insurance
Coverage also includes personal injury suits – such as libel, slander, or defamation of character – which generally are
not covered by primary insurance policies
Paid for with after-tax employee contributions
FLEXIBLE SPENDING ACCOUNTS
(FSA)
Healthcare FSA (General Purpose or Limited Purpose)
Employee pre-tax contributions up to the annual IRS limit for eligible healthcare expenses
A limited balance may be carried over to the following plan year. Any unused annual contribution amounts not permitted to
be carried over are generally forfeited
Dependent Care FSA
Employee pre-tax contributions up to the annual IRS limit for eligible dependent care expenses
Unused annual contribution amounts are generally forfeited
HEALTH SAVINGS ACCOUNT (HSA)
Available to employees enrolled in a high-deductible health plan option only
$500 / $1,000 firm contribution if enrolled by December 1 (individual / family coverage)
Additional employee contributions on a pre-tax basis up to the maximum annual IRS limits
FERTILITY BENEFIT
Lifetime maximum benefit of $30,000 for medical expenses and $15,000 for prescription drugs available when
enrolled in a firm medical plan; requires registration with WINFertility
Participants who do not register and/or choose not to seek services through WINFertility will be subject to a $12,000
lifetime maximum benefit for medical expenses, and $10,000 for prescription drugs
COMMUTER BENEFIT
Transit (ferry, subway, train, bus) and van pool
Pre-tax employee contributions up to the maximum monthly legal limit
Parking
Pre-tax employee contributions up to the maximum monthly legal limit
VOLUNTARY INSURANCE
Additional voluntary insurances to cover certain unexpected expenses associated with serious illness, accidental injury or
hospital stays. Paid for with after-tax employee contributions.
Critical Illness Coverage
Pays a lump sum benefit when you are diagnosed with a qualifying serious illness
Accidental Injury Coverage
Pays a lump sum benefit for qualifying accidental injuries
Hospital Indemnity Coverage
Pays a lump sum benefit when you are admitted inpatient (i.e., overnight) to a hospital
METLIFE LEGAL SERVICES PLAN
The Legal Services Plan is designed to cover certain unexpected legal expenses. If enrolled in the Legal Services Plan,
employee will have access to a network of attorneys to handle common issues if they arise. Paid for with after-tax
employee contributions. The plan includes:
Full coverage, from advice and consultation to representation, for many common legal matters
Online tools to help complete estate planning documents, download self-help legal forms and access to send questions
directly to attorneys
No copay, deductibles or claim forms when using a network attorney for a covered matter
DOCTOR ON DEMAND BY
INCLUDED HEALTH
Provides employees and their covered dependents with 24/7 access to virtual healthcare from board-certified physicians
,
therapists and psychiatrists
January 2024
Retirement
401(K)
Employee 401(k) contributions on a before-tax, Roth and/or after-tax basis through deductions from salary and/or year-
end discretionary cash bonus
401(k) dollar-for-dollar matching contributions from the firm of up to 6% of annual Total Compensation** capped
at $12,500
Additional 2% fixed contribution for employees with Total Compensation less than $125,000
Employees are 100% vested in firm contributions after completing two years of service
Employees become eligible to earn firm contributions the first of the month following hire date
Broad range of investment offerings
Rollovers from prior employers’ qualified plans accepted
* For the purpose of the Healthcare and Insurance Plans, Total Compensation generally means a five-year moving average of your annual salary, commissions, and any discretionary year-end cash bonus payment
(excluding overtime). For newly hired individuals, Total Compensation generally includes the compensation amount indicated on your offer letter
** For the purposes of the 401(k) Plan, the firm determines Total Compensation on a calendar year basis and generally includes all of the pay reported on your annual Form W-2. Total Compensation is limited to
compensation paid while eligible for firm contribution
Personal Finance
PERSONAL FINANCE CENTER
The Personal Finance Center (PFC) provides an integrated set of tools and resources to help you navigate your financial
priorities and achieve your goals
.
• Education Center: The PFC provides access to financial resources and services on a variety of topics and
includes informative articles, tools and calculators to address a spectrum of financial needs based on personal
goals and life events, in addition to linking relevant benefits and wellness offerings
• Your Financial Dashboard (Ayco360): Provides a consolidated platform to centralize your financial accounts,
track daily spending patterns and asset allocation, as well as investments in one organized view
• Financial Coaching: All US-benefits eligible employees have unlimited access to one-on-
one financial coaching
with a Goldman Sachs Ayco Financial Coach at no cost to you who can help you navigate financial needs,
address questions, identify goals, and maximize your firm benefits
• Access the PFC: HCMforYou at GSWeb > HCMforYou > Explore
the Personal Finance Center
Financial Wellness Learning
Series: A variety of live financial education seminars are hosted each month to support your
financial needs and deliver timely content promoted via the monthly Financial Wellness Newsletter e-mailed to you
January 2024
Wellness***
HEALTH SERVICES
In New York ,Jersey City, Salt Lake City and Dallas
On-site health centers providing access to medical services for preventive and urgent care needs. Non-preventive
services are on a fee-for-service basis.
Prescription drug delivery
Nutrition Services, including medical nutrition management and general nutrition coaching (on-site vs. virtual delivery
dependent on office location)
New York only
On-site specialty health services providing access to dermatology, gynecology, orthopedics physiatry, psychiatry
and primary care. Services are by appointment only, on a fee-for-service basis.
On-site physical therapy
All locations
Comprehensive physical program
Critical Health Solutions (medical advocacy)
Employee Assistance Program (with on-site services in New York, Jersey City, Salt Lake City and Dallas)
Ergonomics program
Medical leaves of absence and occupational health
Accommodations for disabilities and special needs
Telephonic smoking cessation program
LGBTQ+ Health concierge provides access to dedicated care coordinators specialized in LGBTQ+ healthcare matters to
provide guidance, provider matching, advocacy and education
CHILD/FAMILY CARE
Adult Care Coordinator services which provides personalized support to employees in navigating the firm’s
comprehensive adult care offerings and assistance with accessing adult care evaluations, referrals, and legal
guidance
Back-up family care program provides access to on-site (New York) or near-site (Salt Lake City) child care centers
and in-home agencies that provide care for both well/mildly ill children and adult/elder family members
Infant transition care program for children ages three to twelve months available to help new parents ease into full-
time child care arrangements
Adoption transition care program for children three months through twelve years for usage within the twelve
months immediately following an adoption
Military transition care program for additional care during the 30 days prior and up to 90 days after the activation period
ends
The firm offers stipends to assist with the expenses associated with adoption, egg retrieval, egg donation and surrogacy
EXPECTANT PARENT RESOURCES
Expectant Parent Coordinator
—
Provides personalized support to employees and managers in navigating the firm’s comprehensive
expectant parent offerings
—
Holds weekly expectant parent walk through call for employees and spouses/domestic partners
—
Provides assistance with adoption, surrogacy and fertility
On-site lactation rooms; 24/7 access to lactation consultants for employees and spouses/domestic partners. In
addition, breast pumps and accessories are covered under the Goldman Sachs healthcare plans
MilkShip program allows working mothers to safely ship breast milk home when on business travel at no cost
FITNESS RECREATION SERVICES
• Fitness reimbursement program
—
All US employees and their eligible dependents (ages 12 and over), who are enrolled in a Goldman
Sachs US medical plan, are eligible to receive up to a $250 reimbursement ($150 per dependent)
per six-month reimbursement period for eligible fitness or recreational activities that promote
cardiovascular wellness
On-site fitness centers: New York, Jersey City, and Chicago
—
Membership includes access to state-of-the-art fitness equipment , group fitness classes
such as boxing and yoga, complimentary fitness consultation, workout clothing, private
permanent locker and shower amenities
—
Personal Training and Pilates Reformer (NY only) are available by appointment only, on a
fee-for-service basis.
Teams and leagues program
—
Provides opportunities to participate in a broad range of teams, leagues and recreational activities
January 2024
LEAVE OF ABSENCE
Marriage/domestic partner leave: One additional week of vacation during the year that an employee marries or
registers a domestic partnership in a jurisdiction that allows such registration (must complete one year of service to
be eligible)
Parenting leave: Employees welcoming a child through adoption or birth, including surrogacy, are eligible for
20 weeks of leave time
Family care leave: Employees are eligible for four weeks of Family Care Leave to care for family members with
serious health conditions, due to military deployment; foster care placement of a child in employee’s home; death of
an immediate family member; miscarriage / stillborn birth suffered by yourself, spouse / partner or surrogate.
Bereavement leave: Up to five days of paid leave in the event of death of a non-immediate family member
Sabbatical leave: Six weeks of unpaid time off for tenured employees with 15+ years of service and two
additional weeks unpaid time off every five years thereafter
WORK/LIFE RESOURCES
Counseling, education, and referral services and resources are available to help save time/reduce stress
while managing personal and professional responsibilities
meQuilibrium is a personalized, online, third-party tool available to all employees and is designed to strengthen
personal resilience, increase productivity and enhance overall wellbeing
*** Certain benefits may be taxable to the employee.
Other Employee Offerings
EDUCATION AND SCHOLARSHIPS
Tuition reimbursement generally provided up to $10,000 per calendar year for undergraduate or graduate courses;
degrees are required to be job related; one-year service requirement
Educational scholarships for dependents of employees; one-year service requirement
Certain benefits may be taxable to the employee
EMPLOYEE OFFERS
Employee Discounts and Services Program
Entrance to the Arts Program
Mortgage Referral Program
Discounted Banking and Loans
EMPLOYEE INVESTING SERVICES
Offers investment education, portfolio allocation services, and trading execution for employees to help them pursue
their personal investing objectives
REIMBURSEMENT FOR
MEALS/TRAVEL BEYOND NORMAL
BUSINESS HOURS
Meals: Reimbursement up to $30 per meal is provided for those in the office on weekends and after 8 p.m. on week
nights
Travel: Car service to and from work is available any time on weekends and home from work after 10 p.m. on week
nights as an alternative to public transportation
January 2024
About Our US Holiday and Vacation Policies
In the US, the firm recognizes ten public holidays. In addition, employees are generally eligible for vacation as follows
1
:
Title
Entitlement
Managing Director
Flexible Vacation (i.e., no fixed vacation entitlement)
Vice President
Up to 10 years of service
28 days
Over 10 years of service
32 days
Associate
25 days
Analyst
20 days
Support
Up to 5 years of service
20 days
Between 5 to 20 years of service
25 days
Over 20 years of service
30 days
Specialist
Up to 5 years of service
20 days
Over 5 years of service
25 days
1
New employees are eligible for a pro-rated vacation entitlement.
This summary is provided for informational purposes only and is not intended to set forth all of the terms and conditions of Goldman Sachs’ various benefit plans and employee offerings. In the event of a conflict between this
summary and the official plan documents, the plan documents govern. Goldman Sachs reserves the right, in its discretion, to amend, modify or terminate any or all of its benefit plans, programs or arrangements, in whole or
in part, at any time and from time to time, including, without limitation, the right to increase costs and/or reduce or eliminate any contribution to any such plan, program or arrangement. Goldman Sachs also may need to
adjust any or all of the benefit plans and/or employee offerings it provides in order to comply with applicable laws or regulations. No person speaking on behalf of Goldman Sachs or any of the benefit plans can amend the
plans through a verbal or written statement without a plan amendment. Neither this summary nor participation in any of the benefit plans or employee offerings described herein constitutes a promise of continuing
employment with Goldman Sachs.