Press Releases
08/11/2021
Benefits
Benefits
Avangrid takes a “Total Health” approach to benefits and wellbeing, offering programs that support employees across four key pillars - physical, financial, emotional, and work-life harmony. From high quality medical plans to a top tier 401(k) match and a wide array of education and wellbeing resources, we provide support for you and your family at every stage of life.
We regularly assess our programs to ensure they are inclusive, competitive, and aligned with employees’ needs. Below are examples of the types of benefits Avangrid typically offers.
Physical Health Benefits
- Comprehensive Medical, Dental, Prescription and Vision Insurance
- Accident, Hospital Indemnity and Critical Illness Insurance
- Chronic Condition Support (Diabetes, Pre-Diabetes, Hypertension, and Weight Management)
- Early Cancer Detection Testing
- Health Consultations and Second Opinions
- Musculoskeletal Pain Support
- On Site Fitness Centers (at some locations)
Financial Benefits
- Award Winning 401(k) Plan: Top tier 401(k) matches, automatic enrollment, automatic increase, retirement income feature, and complementary 1:1 consultation with financial advisors
- Award Winning Student Loan Debt Repayment Program: Eligible Non-Union employees receive a $250 monthly payment made directly to their student loan provider (up to a $9,000 lifetime max)
- Emergency Savings and 529 College Savings payroll deduction options
- Identity theft protection (up to $1,000,000 in coverage)
- Short- and long-term disability insurance, life insurance, and AD&D coverage
- Flexible Spending, Commuter, and Health Savings Accounts
- Tuition Assistance: Eligible employees can receive up to a maximum of $10,000 per calendar year (pre-tax) for tuition costs for approved courses or degree programs.
Emotional Support Benefits
- Employee Assistance Program
- Mental Health Advocates
- Mindful Mondays and Thankful Thursdays
- My Strength and Sleepio digital well-being tools
Work-Life Harmony Benefits
- Fertility and family-forming support, including fertility treatment, adoption, planning and freezing, and surrogacy
- A competitive allotment of Paid Time Off and company holidays, plus additional time for bereavement, military service, and jury duty
- Subsidized back-up care options for children, elder family members, and those with special needs
- Vacation Purchase Program – ability to buy up to five additional vacation days
- Legal Services
- Company Discounts
- Employee Volunteering & Gift Giving
- In partnership with the Avangrid Foundation, we are proud to support employee giving and volunteering through our Energized for Good Program, which supports local non-profits by offering a cash match for employee donations, as well as direct donations for each hour of employee volunteer time.
Pay
- Our compensation package includes competitive base pay and incentive opportunities.
For more detailed information regarding Avangrid’s benefits and wellbeing programs, please visit: https://avangrid.benefitsinfo.online/
For questions, please contact the benefits team at benefits@avangrid.com
DISCLAIMER: Employee eligibility will vary depending on the applicable plan document’s terms and conditions and any applicable collective bargaining agreement. The information above does not replace, amend, or supplement any applicable collective bargaining agreement or any applicable plan documents. The terms expressed in any applicable collective bargaining agreement or plan document will control.
About Avangrid: Avangrid, Inc. is a leading energy company in the United States working to meet the growing demand for energy for homes and businesses across the nation through service, innovation, and continued investments by expanding grid infrastructure and energy generation projects. Avangrid has corporate offices in Connecticut, New York, Massachusetts, Maine, and Oregon, and operations across 25 states with approximately $50 billion in assets. Avangrid owns and operates seven electric and natural gas utilities, serving more than 3.4 million customers in New York and New England. It also owns and operates nearly 100 energy generation facilities across the United States with a capacity of more than 11 Gigawatts, enough to power over 3 million homes. Avangrid employs approximately 8,500 people and was named among the World’s Most Ethical Companies in 2026 for the eighth consecutive year by the Ethisphere Institute. Avangrid is a member of the Iberdrola Group. For more information, visit www.avangrid.com.
About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.
With a workforce of nearly 40,000 and assets in excess of €141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.
