2015
Employee Benefits Overview
A L N Y L A M 2 0 1 5 E M P LOY E E B E N E F I T S OV E R V I E W
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Offering a robust Benefits Program is
an integral part to Alnylam’s culture
of investing in its employees’ health
and well-being.
We continually review our benefit offerings to ensure we keep pace with the market and meet the needs
of our growing employee population. We are a company positioned for tremendous growth and investing
in our employees is crucial to our success—and ultimately to helping our patients lead better lives.
This brochure provides a brief summary of the benefits available to regular employees.
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A L N Y L A M 2 0 1 5 E M P LOY E E B E N E F I T S OV E R V I E W
Health
BENEFIT/PLAN
ELIGIBILITY
SUMMARY
MEDICAL INSURANCE*
Eligible on first day of employment for regular
employees working at least 30 hours per week
•The Company pays 90% of premium costs
•$20 co-pay for office visits
•$100 emergency room co-pay
•Out of network services covered at 80% after
deductible is reached
•Deductible of $250 per individual, $500 per
family per calendar year
•Out of pocket maximum of $1,250 per
individual, $2,500 per family per calendar year,
including deductible and co-insurance
•Prescription co-pay of $15/30/50
Eligible on first day of employment for regular
employees working at least 30 hours per week
•The Company pays 90% of premium costs
»»Preventative: 100% coverage
(no deductible)
»»Basic Restorative: 80% coverage
(after deductible)
»»Major Restorative: 50% coverage
(after deductible)
•Annual Deductible – Preventative: None
•Basic & Major: $50 per person /$150 per
family per calendar year
•$1,500 maximum per family member per
calendar year
Eligible on first day of employment for regular
employees working at least 30 hours per week
•Eye exams every 12 months with a $10 co-pay
•Prescription glasses lenses every 12 months
with a $25 co-pay
•Contact lenses every 12 months with a $130
allowance and 15% off the balance
•Frames every 12 months with a $130
allowance and 20% off the balance
•Laser Vision correction every 24 months with
a 15% discount off the retail price or a 5%
discount off the promotion price
•Alnylam covers 50% of the cost of this benefit
Eligible on first day of employment for all
regular employees
•Employee pays 100% of this benefit on a
pre-tax basis.
•Ability to pay for certain medical and
dependent care expenses with pre-tax dollars
•Medical Care maximum deduction is
$2,550 annually
•Dependent Care maximum deduction is
$5,000 annually per household.
Eligible on first day of employment
•Provides professional and confidential
counseling to individual employees and their
household members, as well as consultation,
training and organizational development
services to managers and supervisors.
•Available 24 hours a day, 7 days a week
Eligible on first day of employment for regular
employees working at least 30 hours per week
•The Company contributes $30/month towards
monthly membership.
»»Discount on membership rates and
enrollment fee.
Blue Cross Blue Shield
Blue Care Elect
Preferred PPO
www.bluecrossma.com
DENTAL INSURANCE*
Delta Dental
PPO Plus Premier
www.deltamass.com
VISION INSURANCE*
EyeMed Vision Care
www.eyemedvisioncare.com
FLEXIBLE SPENDING ACCOUNTS
Discovery Benefits
www.discoverybenefits.com
EMPLOYEE ASSISTANCE PLAN
Kathleen Greer Associates
https://kga.com
or toll free at 1-800-648-9557
FITNESS BENEFIT
Cambridge Racket and Fitness Club
www.cambridgefitness.com
OR
BodyScapes Fitness
•The Company will reimburse up to $360 per
calendar year
»»As an alternative, employees may choose
their own qualified health club and submit
for an equivalent reimbursement ($360)
once per calendar year
www.bodyscapesfitness.com
* See Appendix
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Income Protection
BENEFIT/PLAN
ELIGIBILITY
SUMMARY
LIFE INSURANCE/AD&D
Eligible on first day of employment for regular
employees working at least 30 hours per week
•The Company pays 100% of the cost of
this benefit.
•Basic Benefit equal to two times basic
annual salary
•Up to $900,000 maximum, with approved
statement of good health required for amounts
over $500,000
Eligible on first day of employment for regular
employees working at least 30 hours per week
•Employee pays 100% of this benefit on a posttax basis.
•Option to purchase additional life insurance
coverage for employee, spouse, and children
•Coverage is in addition to company
provided coverage
•Payment through payroll deduction
Eligible on first day of employment for regular
employees working at least 30 hours per week
•The Company pays 100% of the cost of
this benefit.
•Benefits payable after 7 day elimination period
and approval of claim by Unum
•Benefits payable at 100% of weekly earnings
•Maximum period of 12 weeks
Eligible on first day of employment for regular
employees working at least 30 hours per week
•The Company pays 100% of the cost of
this benefit.
•Benefits payable after 90 day elimination
period or the end of STD coverage and
approval of claim by Unum
•Provides 60% of monthly earnings to a
maximum benefit of $15,000 per month
BENEFIT/PLAN
ELIGIBILITY
SUMMARY
SAVINGS & INVESTMENT PLAN 401(K)
PLAN
Fidelity
www.netbenefits.com
Eligible on first day of employment for all regular
employees
•Employee pays 100% of the contribution.
•The Company pays 100% of the match.
•Employees may contribute up to 15% of pre-tax
earnings or a maximum of $18,000 per year for
2015 ($24,000 for employees age 50 or over).
•Discretionary match of up to 50% of the
first 6% (3%) of employee contributions to a
maximum of $5,250
STOCK OPTION PLAN
Eligible on first day of employment for all regular
employees
•The company has reserved a designated
number of shares of its common stock for
issuance to employees under the Alnylam
Pharmaceuticals, Inc. Incentive Stock Option
Plan. More details available upon employment.
Unum
www.unum.com
SUPPLEMENTAL LIFE INSURANCE PLAN
Unum
www.unum.com
SHORT TERM DISABILITY
Unum
www.unum.com
LONG TERM DISABILITY
Unum
www.unum.com
Financial Growth
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Financial Growth (continued)
BENEFIT/PLAN
ELIGIBILITY
SUMMARY
EMPLOYEE STOCK PURCHASE PLAN
For employees hired prior to August 1st of the current
year, the next entry date is November 1st of the
current year
•Opportunity to purchase shares of Alnylam
common stock at a discount through
payroll deduction
•Ability to withhold up to 15% of base salary to
purchase Alnylam Common Stock at 85% of
the lower of (1) the fair market value per share
of Common Stock on your Entry Date, or (2)
the fair market value per share on the annual
purchase date. Please see HR for details
For employees hired after August 1st of the current year,
the next entry date is May 1st of the following year
Paid Time Off
BENEFIT/PLAN
ELIGIBILITY
SUMMARY
VACATION TIME
Eligible immediately upon employment if hire date is
on or prior to the 15th of the month.
•Full-time regular employees accrue 15 days per
year, accruing at the end of the month at the
rate of 1.25 days per month (10 hours)
•After 5 years at Alnylam, Full-time regular
employees accrue 20 days per year, accruing
at the end of the month at the rate of 1.67 days
per month (13.33 hours)
•Part-time employees scheduled to work
over 20 hours per week will accrue prorated
vacation time at the end of each month.
•Maximum accrual of 15 days at any time until 5
years of employment when maximum accrual
is 20 days.
Eligible on first day of first full month of employment
if hire date is after the 15th of the month.
SICK TIME
Eligible on first day of employment
•Regular, full-time employees are eligible for up
to 6 days per year.
•Part-time employees scheduled to work over
20 hours per week will be eligible for sick time
on a pro-rated basis.
•Carry over unused sick time up to the
maximum total of 10 days.
MATERNITY LEAVE
Eligible on first day of employment
•Eligible for 8 weeks of full paid leave
•With an additional 4 weeks of unpaid leave.
Please see HR for details
PATERNITY LEAVE
Eligible on first day of employment
•Eligible for 2 weeks of full paid leave.
Please see HR for details
HOLIDAYS
Eligible immediately upon employment for
scheduled holidays
•The Company observes 11 paid holidays per
year (10 scheduled and 1 floating holiday)
»»New Year’s Day
»»Martin Luther King Jr. Birthday
»»Presidents’ Day
»»Memorial Day
»»Independence Day
»»Labor Day
»»Columbus Day
»»Thanksgiving Day
»»Day after Thanksgiving
»»Christmas
Employees joining prior to July 1 are eligible for the
floating holiday
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Work/Life
BENEFIT/PLAN
ELIGIBILITY
SUMMARY
TRANSPORTATION PROGRAM
Eligible on first day of employment
•T-Pass Program: Alnylam will provide a pass
for transit to the Kendall Square or Alewife
T-stop. The Company pays 100% of the cost
of this benefit.
OR
•Subsidized Parking: Alnylam will subsidize
the monthly cost of a parking permit. The
Company pays 75% for VP’s and 90% for all
other employees.
OR
•Bike/Walk: Alnylam will add a benefit of $20.00/
month directly to your semi-monthly pay.
GUARANTEED RIDE HOME
Eligible on first day of employment for all employees
•Employees must pre-register and only available
to those who carpool, vanpool, bike, walk, or
take transit at least two days per week
•It encourages the use of alternatives to driving
alone by ensuring that if there is an emergency
during the day, you will not be stranded at work.
BENEFIT/PLAN
ELIGIBILITY
SUMMARY
TUITION REIMBURSEMENT
Eligible on first day of employment for regular
employees working at least 30 hours per week
•The Company pays 100% of the cost of this benefit.
•Reimbursement for pre-approved courses
with a minimum grade of C (undergraduate)
or B (graduate).
•Courses must be related to one’s current job, or be
part of a job-related degree or certificate program.
•Alnylam will reimburse 100% for pre-approved
courses including tuition, books and required fees.
Career Growth
These benefits reflect our commitment to foster
a culture of caring and enable our employees to
achieve success at home and at work.
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Employee Discounts
BENEFIT/PLAN
ELIGIBILITY
SUMMARY
COMPUTER/TECHNOLOGY
DISCOUNTS (FOR HOME USE)
Eligible on first day of employment for all employees
•Dell Employee Purchase Program Discount on Dell Computers through the
Employee Purchase program.
»»www.dell.com/epp
•CDW Employee Purchase Program –
Discount on technology products and
accessories.
»»www.cdw.com/epp
CELL PHONE DISCOUNTS
Eligible on first day of employment for all employees
•Discount on wireless monthly fees if you sign
up using your company e-mail
Eligible on first day of employment for all employees
•This membership provides access to
online caregiver profiles including, nannies,
babysitters, pet sitters, elder care, and
housekeeping/housesitting services.
Eligible on first day of employment for all employees
•This membership provides free unlimited
admission (with presentation of company
ID) to the Museum for all employees and
immediate family members, in addition to the
benefits listed below.
»»Priority registration and Member discount
at the Museum School
»»10% discount on all merchandise at The
Store @ deCordova
»»10% discount at The Café @ deCordova
»»20% discount on gallery rental fee
(Mon-Thurs)
ZIPCAR FOR BUSINESS
Eligible on first day of employment for all employees
•The Zipcar for Business benefit reduces the
annual fee from $60 to $25. Also includes
discounted driving rates.
FEDEX OFFICE
Eligible on first day of employment for all employees
•FedEx Office discounts are listed below.
»»30% off black and white copies
»»30% off color copies
»»10% off other production services
AMUSEMENT PARKS
Eligible on first day of employment for all employees
•Discounts to Six Flags New England, Water
Country and Canobie Lake Park.
KIMPTON HOTELS
Eligible on first day of employment for all employees
•The Kimpton Global Business program gives
a 10% discount off the best available rate for
Alnylam Employees.
Eligible on first day of employment for all employees
•Fuji Restaurant – Kendall Square, located on
the ground floor at 300 Third Street, gives a
10% discount to Alnylam employees.
AT&T
Verizon
SELECTPLUS+
SITTERCITY AND YEARS AHEAD
www.selectplus.com/alnylam
DECORDOVA ART MUSEUM
www.decordova.org
www.kimptonhotels.com
RESTAURANTS
Fuji at Kendall
http://www.fujiatkendall.com/
AND
Champions
•Champions - The restaurant at the Cambridge
Marriott Hotel, gives 10% off for all Alnylam
Pharmaceuticals employees
http://www.championscambridge.com/
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Details may change without notice.
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