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Fannie Mae Ranks in Top 20 on Money Magazine's List of U.S. Companies Offering the Best Benefits to Employees

Fannie Mae Ranks in Top 20 on Money Magazine's List of U.S. Companies Offering the Best Benefits to Employees

Published 08-15-00

Submitted by Fannie Mae

Fannie Mae (FNM/NYSE), the nation’s largest source of financing for home mortgages, was ranked 20th on this year’s Money magazine list of Fortune 100 companies offering the best benefits. The report, in the September issue now available on newsstands, focused on company-sponsored benefit plans for retirement, health, stock options and insurance.

To compile its list, Money researched the benefits options of Fortune 100 companies. The magazine notes that in today’s competitive environment, employers are looking to retain workers and keep them happy by providing more options and control when it comes to benefits.

"At Fannie Mae, we respond to the needs of our employees by designing a benefits package to meet their varying needs as they pass through different stages of life," said Susan Holik, vice president for human resources. "This lifestage benefits approach results in an employee compensation and benefits package that is among the finest in any industry. Our benefits allow us to attract and retain the best employees, which, in turn, helps make us a more successful company."

Fannie Mae has a wide range of benefits available to employees, their spouses or domestic partners. Among other benefits, it offers retirement financial planning, an employee stock ownership plan which lets employees share in the financial success of the corporation; an employee stock purchase plan that allows employees to purchase shares of Fannie Mae common stock at a discount; and a 401(k) retirement savings plan in which Fannie Mae currently matches 100 percent of an employee’s contributions up to 3 percent.

In addition, Fannie Mae employees can access information about their retirement benefits, change their 401(k) investment options, or learn more about retirement planning via the Web.

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