Profit Sharing - Contingent on the bank's profitability, employees are given contributions based on their pay and years of service. Medical Spending Account - This is an optional benefit that allows employees to set aside up to $2,650 per year for out-of-pocket health care expenses through a pre-tax payroll deductionĬhild Care Spending Account - This is an optional benefit that allow employees to set aside up to $5000 per year for childcare expenses through a pre-tax payroll deduction.Ĥ01K - The 401K savings program allows employees to save between 1-15% of their annual income in the bank's 401K plan.Įligibility: Eligible after first day of the year following employment date. This can be deducted from an employee's paycheck on a post-tax basis. This is paid by the employee and can be deducted from paycheck on a post-tax basisĭisability Insurance - This is an optional insurance plan offered to full-time and part-time employees. Supplemental Life Insurance - This is an optional program offered to all full-time and part-time employees. The plan includes various levels of coverage from single member to family plans.īasic Life Insurance - All full-time employees are eligible for an employer paid life insurance plan. As an option, full-time employees can add their dependents to the program and have their cost deducted pre-tax from their paycheck.Įligibility: After initial probation period.ĭental Coverage - This is an optional benefit offered to all full-time and part-time employees.
This coverage includes medical and prescription coverage. Medical Coverage - We offer employer paid medical benefits to all of our full-time employees. Many of the benefits are also available to your dependents. See below for a brief description of the benefits that would be available to you as an IBC Bank employee. Many of our benefits are also available for our part-time employees. IBC Bank offers a comprehensive benefits program to all full-time employees.
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