New Grad Benefits

More reasons to feel great about working at Qualcomm.

Our benefits package is deep and comprehensive, providing you and your family extensive protection and security, along with quality, life-enhancing programs. When we say the benefits of working at Qualcomm are many, you’ll see we mean that quite literally. Just take a look…

401(k) Plan
Employee Stock Purchase Plan
Holidays
Vacation
Medical Plan

Dental Plan
Vision Plan
Sick Leave
Dependent Care & Health Care Reimbursement Accounts
Tuition

Adoption Assistance
Wireless Device Subsidy Program
Matching Grant Program
QLife (Work/Life Balance Solution)

401(k) Plan

Description Eligibility Eligibile Date Employee Contribution
  • Pretax and post-tax roth savings through payroll deduction
  • Company match of employee contribution: 100% on first $1,500, 50% on next $1,500, 33% on next $7,500, and 10% thereafter 50% vested after 1 year, 100% after 2 years
  • Loans available
  • Fidelity, Vanguard and other Mutual Funds
  • Employee may enroll, suspend and make changes to contributions at any time

All regular status employees age 18 and older

Date of hire
  • Minimum of 1% of salary
  • Maximum of 100% of salary up to annual IRS deferral limit, and less other elective deferrals and required deductions
  • Make up contributions permitted for employees age 50 and over


Employee Stock Purchase Plan

Description Eligibility Eligibile Date Employee Contribution
  • Elective post-tax payroll deduction
  • Allows employees to purchase company stock at 85% of the fair market value at the beginning OR end of the six month period, whichever is lower
  • Employee may suspend contributions at any time
  • Employee may withdraw from plan at any time
  • All regular status employees scheduled to work 21 or more hours per week; 5 months per calendar year
  • 30 days of employment prior to the beginning date of an ESPP offering period

Every February 1 and August 1
  • Minimum 1% of salary
  • Maximum 15% of salary
  • Maximum $12,500 in shares each offering period


Holidays

Description Eligibility Eligibile Date Employee Contribution
  • 10 company designated holidays per calendar year
  • 1 employee designated holiday per calendar year
  • All regular status employees
  • Prorated for part-time employees
  • Must be on active pay status day before and day after holiday

Date of hire or eligibility

none


Vacation

Description Eligibility Eligibile Date Employee Contribution

    Exempt Employees:

  • 3 weeks accrual per year
  • After 5 years of employment: 4 weeks accrual per year
  • After 10 years of employment: 5 weeks accrual per year

    • Non-Exempt Employees:

  • 2 weeks accrual per year
  • After 5 years of employment: 3 weeks accrual per year
  • After 10 years of employment: 4 weeks accrual per year
  • Maximum accrual of 2 times employee's annual accrual rate
  • All regular status employees
  • Prorated for part-time employees

Date of hire or eligibility

none


Medical Plan

Description Eligibility Eligibile Date Employee Contribution
 

Non-PPO Indemnity

PPO Office

PPO Hospital Visit
Individual deductible $300 $0 $0
Family deductible $600 $0 $0

After deductible:
Plan pays 70% 100% 90%
You Pay (co-insurance) 30% $10/visit 10%
Maximum co-insurance per person per year $3,000 N/A $750
  • Pre-admission inpatient notification required
  • Well Child Care through age 16
  • Lifetime maximum $2,000,000

    Retail Prescription Copays / Copay (for a 30 day supply):

  • Generic = 20% with a $15 maximum copay
  • No Generic Available Preferred Brand = 20% with a $20 maximum copay
  • Preferred Brand = 30% with a $40 maximum copay
  • Non-Preferred Brand = 40% with a $60 maximum copay
  • Fertility Drugs = 50%

    • Mail Order Prescription Copays / Copay (for a 90 day supply):

  • Generic = $30 copay
  • No Generic Available Preferred Brand = $40 copay
  • Preferred Brand = $80 copay
  • Non-Preferred Brand =$120 copay
  • Fertility Drugs = 50%
  • All regular status employees working 30+ hours per week
  • Spouse or same sex domestic partner and dependent child(ren) of eligible employee
  • Pre-existing condition clause exists

Date of hire or eligibility

none


Dental Plan

Description Eligibility Eligibile Date Employee Contribution

    Preventive services

  • 100% of eligible expenses, no deductible. Maximum benefit for preventive services per year: $500 per individual
  • Individual deductible per calendar year: $50
  • Family deductible per calendar year: $150

    • Basic services:

  • 80% after deductible

    • Major services:

  • 50% after deductible
  • Maximum benefits for basic and major services per year: $1,500 per individual

    • Orthodontia:

  • 50% after deductible
  • Maximum lifetime benefit for orthodontia: $1,500 per individual

Note: Frequency limitations on certain services
  • All regular status employees working 30+ hours per week
  • Spouse or same sex domestic partner and dependent child(ren) of eligible employee
  • Pre-existing condition clause exists

Date of hire or eligibility

none


Vision Plan

Description Eligibility Eligibile Date Employee Contribution

    Exam:

  • 100% of eligible expenses once every 12 months, $5 copay

    • Lenses/Frames:

  • Once every 24 months, $10 copay
  • Contact lenses (in lieu of glasses): once every 24 months

Note: Lenses, frames and contact lenses are subject to a maximum allowable benefit
  • All regular status employees working 30+ hours per week
  • Spouse or same sex domestic partner and dependent child(ren) of eligible employee
  • Pre-existing condition clause exist

Date of hire or eligibility

Premiums required for dependent coverage


Sick Leave

Description Eligibility Eligibile Date Employee Contribution
  • Used for personal illness/doctor's appointments
  • May be integrated with disability programs

    • Exempt:

  • Sick time taken as needed based on the honor system

    • Non-Exempt:

  • 10 days per year, bi-weekly accrual
  • No maximum accrual
  • All regular status employees
  • Prorated for part-time employees

Date of hire

none


Dependent Care & Health Care Reimbursement Accounts

Description Eligibility Eligibile Date Employee Contribution

Enables employees to pay for dependent care and health care expenses with pretax dollars

All regular status employees working 30+ hours per week
  • Date of hire or eligibility
  • Every January 1
  • Upon family status change

Maximum of $5,000 annually for each reimbursement account


Tuition

Description Eligibility Eligibile Date Employee Contribution
  • Employees may seek assistance for tuition and fees for academic education
  • Reimbursement of up to $5,250 per calendar year for cost of tuition, books, and parking for courses toward continuing education, certification program, associate's degree or a bachelor's degree
  • Reimbursement of up to $10,125 per calendar year for costs of tuition, books, and parking for courses toward a graduate or post-graduate degree
  • Reimbursement based on grade
  • All regular status employees working 30+ hours per week
  • Must be actively employed when the course begins and ends
  • Course, program or study must be pre-approved and considered job related
  • List of approved schools

Date of hire
  • Employee pays up front and may request reimbursement for eligible expenses
  • Eligible expenses over and above annual limits are the responsibility of the employee


Adoption Assistance

Description Eligibility Eligibile Date Employee Contribution

Provides financial assistance up to $4,000 towards some expenses associated with adopting a child

All regular status employees working 30+ hours per week

Date of hire

None


Wireless Device Subsidy Program

Description Eligibility Eligibile Date Employee Contribution

Employees are eligible to receive a subsidy on the purchase of a wireless device equipped with a QCT chipset once every two (2) years. The subsidy amount is dependent on the type of device purchased:

  • 100% up to $150 on the purchase of a mobile phone, or
  • 100% up to $150 on the purchase of a data card, or
  • 100% up to $150 on the purchase of a Kindle Reader, or
  • 100% up to $400 on the purchase of a laptop

All regular status U.S. employees who are regularly scheduled to work forty (40) hours per week

After 3 months of employment

Up front purchase price of wireless device


Matching Grant Program

Description Eligibility Eligibile Date Employee Contribution
  • Provides one-for-one matching of employee contributions each fiscal year to IRS recognized non-profit organizations

Maximum amount:

  • All employees: $1,000
  • Director & Above: $5,000

All regular status employees working 30+ hours per week

Date of hire

None


QLife

Description Eligibility Eligibile Date Employee Contribution

See: work / life balance

Qualcomm employees and family members

Date of hire

None

Note: Some activities require participation fees
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