STEARNS BANK BENEFITS
Health Plan
- Medica
- $500 deductible single; $1000 deductible family
- Monthly Cost to Employee: $35 single; $431 family
Dental Plan
- The GUARDIAN
- 100% Preventive Care; $50 Deductible
- Monthly Cost to Employee: Free for single; $31.50 family
Short Term Disability
- 60% of pay for 13 weeks - No Charge to employee
Long Term Disability
- BASIC; 60% of salary - No Charge to employee
Group Life
- 1 1/2 times salary; AD&D (max $100,000) - No Charge to employee
Optional Life
- 1, 2, or 3 times salary; Employee: max $100,000 Spouse: 50% of EE, max $25,000 Children: 10% of EE, max $10,000 Monthly Cost to Employee: Based on age
Dependent Life
- $5,000 per dependent - No Charge to employee
ESOP
- All employer contributions.
Become a participant on first anniversary date (Dec. 31st) following your initial date of service. Must be age 21 and credited with at least 1000 hours of service for the plan year ending on that anniversary date.
401(k)
- All employee contributions. Four entry dates: Jan 1, Apr 1, Jul 1, and Oct 1
Holidays
- 10 paid holidays. Must be employed 90 days to qualify.
- Other benefits include vacation, sick leave, personal time off, flex plan, EAP and banking services (checking
Coverage is effective one month from date of employment.
For active full-time employees of Stearns Bank.
