Exercise should be a regular part of our lives. It not only changes our health for the better, it also improves our minds, attitudes and moods.

How the Fitness Subsidy Works

The Firm will cover 50% of your cost to join a gym, up to $50 a month or $600 a year. You may apply this subsidy either to gyms and studios in Gympass’ network or at Equinox gyms.* (Note: The subsidy cannot be used to purchase at-home exercise equipment.) The Firm invests in this program in support of our hybrid lifestyles, making it easier to work out at the office, near the office, at home or near home – wherever you prefer.

All employees – regardless of business, location or level – are eligible for a fitness subsidy.

*The Firm’s fitness subsidy is a taxable benefit and employees using the benefit will see imputed income on their paycheck stubs (monthly if using Gympass; quarterly if using Equinox).

Option 1: Gympass

One Firm-subsidized membership – countless ways to be fit.
Sign up for one of Gympass’ seven plans that range from $6 to $230 a month and give you access to thousands of gyms and studios nationwide. There’s also a free digital-only plan.

You select the option that’s right for you based on price and the facilities you want to use, and the Firm will chip in. For example, if you pick the starter membership, which costs $12 a month and includes 1,600+ facilities, you’ll receive a $6 subsidy from the Firm and pay $6. If you pick the diamond level, which costs $280 and includes 10,000+ facilities, your Firm subsidy will be $50, and you’ll pay $230. The Firm will pay the subsidy to Gympass, so you won’t have to submit an expense report to be reimbursed.

  • Try a seven-day free trial.
  • Plans are month-to-month, with no initiation or cancellation fees – and you may end or change your membership tier at any time.
  • All levels include free access to virtual programming and fitness apps.
  • Most levels include virtual fitness services like personalized training, health coaching and nutrition planning.
  • Your dependents may join but are not eligible for the Firm subsidy.
  • See pricing and FAQs in this guide.
  • For specific gyms near you, download the Gympass app or go to the Gympass site and enter your Firm email address. Note: The prices shown reflect the Firm subsidy. You will not be charged until you join a plan.

If you have questions, email mshelp@gympass.com.

Option 2: Equinox

Can’t-be-beat discounts for a luxury fitness experience.
Alternatively, you may apply your Firm subsidy to a membership at Equinox and enjoy exclusive pricing. Note: You may receive the Firm subsidy for only Gympass or Equinox (not both).

  • Equinox-only memberships are annual (while Gympass memberships are month-to-month).
  • Choose a single- or multi-facility membership. Equinox waives the joining fee. The Firm will pay the subsidy to Equinox, so you won’t have to submit an expense report to be reimbursed. Note: The prices shown on Equinox’s site reflect the Firm subsidy.
  • Members of your household, including dependents and roommates, may join Equinox at Morgan Stanley’s special corporate rates but are not eligible for the Firm subsidy.
  • See pricing and learn about what’s included in an Equinox membership.

If you have questions, please contact your local Equinox’s General Manager.


Download the Gympass app to view pricing and gyms/studios near you.

Email mshelp@gympass.com
Joining Equinox

See pricing and learn about what’s included in an Equinox membership.

Note: Prices reflect Firm subsidy.

Contact your local Equinox's General Manager.
Onsite Gyms

Join the Firm’s onsite gyms. Memberships start at $25 a month for non-officers. (Firm subsidy may not be used toward onsite gym memberships.)

1585 Broadway
Lower Level B
Learn more

2000 Westchester Ave
Terrace Level
(renovated gym reopening this summer)
Learn more
Virtual Classes

Did you know? The team that manages the Firm’s onsite gyms leads free weekly online classes – including barre, Pilates, boot camp, yoga, core, stretching and more. Everyone’s welcome. Schedule

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