Northwestern Mutual

8,400 Total Employees

Year Founded: 1857

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Northwestern Mutual Compensation & Benefits

Northwestern Mutual Employee Perspectives

Northwestern Mutual’s benefits and support systems are designed to help employees navigate some of life’s most difficult moments with compassion and flexibility. When Catie’s mother, Susan — a fiercely independent and active 76-year-old former Olympic swimmer — was diagnosed with an inoperable brain tumor, Catie leaned on the company’s caregiving benefits while managing doctor appointments, treatments and caregiving responsibilities during an incredibly emotional time.

“I received caregiver leave, and I was able to take it to be with her when I needed to be. I let my boss know that I needed to be with my mom and he was incredibly supportive, and that was what I felt throughout the process, from not only my manager, but my colleagues and my team.”

Catie Anderson, Assistant Director and HR Business Partner

From the article: How NM’s Benefits Supported an Employee’s Caregiving Journey

What People Are Saying About Northwestern Mutual

Retirement Support: A dual 401(k) plus cash balance pension provides company-funded credits with a guaranteed minimum interest credit and vesting (one year for the 401(k) and three years for the cash balance). Plan design in 2025–2026 emphasized employer funding via an added cash‑balance credit and a 4% company 401(k) contribution option.
Healthcare Strength: Medical, dental, and vision coverage are complemented by on‑site Mutual Health Centers (WI/NY) and nationwide virtual primary care. Lyra mental‑health services and on‑site fitness centers or reimbursements extend well‑being support.
Parental & Family Support: Fully paid parental leave, caregiving leave, and fertility, surrogacy, and adoption assistance are provided. These sit alongside paid vacation/holidays and volunteer time to support families.