Altera provides a variety of benefits to help you maintain financial security during different stages of your life and your family’s life. Disability, life insurance, accident insurance, and retirement savings opportunities are just a few examples of benefits that provide additional financial security.
401K / Retirement
Employees may elect to participate in the Altera® Corporation 401(k) Retirement Savings Plan at any time. The Plan, administered by
Fidelity, offers you a wide range of investment options to assist you in planning your personal retirement fund.
Altera helps your retirement savings grow by matching every $1 you contribute up to $4,500 annually with immediate vesting.
Altera’s 401(k) plan also includes a Roth 401(k) feature. By offering both a traditional 401(k) and a Roth 401(k), Altera provides
you with important tools to plan your retirement.
We offer classes and seminars to help you prepare for your retirement. Multiple times a year you can have a private financial retirement session with Fidelity to review your benefits portfolio.
The Employee Stock Purchase Program (ESPP) gives you an opportunity to buy Altera stock at a 15% discount, through simple payroll deductions. This program lets you share in the company’s financial success. Enrollment for ESPP is twice a year.
Life and AD&D
Life and accident insurance coverage provides you and your family with important financial security. Altera Corporation provides all
eligible employees with an employer-paid Life and Accidental Death & Dismemberment (AD&D) benefit of two times your eligible annual salary.
You can also purchase additional Life and AD&D coverage for you and your dependents.
Voluntary Legal Services Plan
Altera employees have the option of participating in Hyatt Legal Plan’s Group Legal Service Plan. The plan provides you, your spouse, and eligible dependents access to legal services through Hyatt Legal Plan’s network of over 9,000 attorneys nationwide.
VPI Pet Insurance
Veterinary Pet Insurance (VPI) allows you to visit any licensed veterinarian nationwide. The plan covers diagnostic tests, prescriptions, x-rays, hospitalization, lab fees, and surgeries for accidental injuries, emergencies, and illnesses.
MetLife Special Needs Planning
The MetLife Center for Special Needs Planning provides confidential, personalized information, and advice to help employees ensure lifetime care for dependents with special needs.