Comprehensive benefits for today and tomorrow.
BankPlus offers a comprehensive benefits package designed to promote employees’ health and wellness, financial well-being, professional development and career growth. Named a Best Bank To Work For by the American Banker magazine for 9 straight years, employees continue to rank the benefits at BankPlus at the top. It’s because BankPlus truly cares about employees and offers a full suite of top-notch benefits that promote employee peace of mind.
Group Medical Plan
Group Dental Plan
Vision insurance for all Regular Full-Time employees and their dependents is an optional insurance to help with the costs associated with annual vision check-ups. This insurance also helps with the cost of purchasing frames and lenses, or contact lenses. The employee pays all premiums for vision insurance.
Life insurance provides a monetary benefit to a named beneficiary in the event of the employee's death. The amount of coverage is based on the employee's salary and the levels of coverage vary on the employee's job. Regular Full-Time employees' coverage is paid 100% by BankPlus.
Long-Term Disability Insurance
This insurance provides protection for Regular Full-Time employees in the event they should lose the ability to work due to sickness or injury. Regular Full-Time employees' coverage is paid 100% by BankPlus.
Optional Insurance Benefits
The bank has negotiated competitive group rates for the following benefits: Short-term Disability Insurance, Accident Insurance, Cancer Insurance, Critical Care Insurance, Hospital Confinement Insurance and Life Insurance. The employee pays all premium costs of these benefits.
Long-Term Care Insurance
Long-term care Insurance provides for payment of nursing home care and qualifying home care. A basic plan is paid for by BankPlus for each Regular Full-Time Employee.
BankPlus offers a plan which enables the employee to contribute pre-tax dollars to either or both of two spending accounts: (1) certain health-care expenses not reimbursable by the group medical and dental plans and (2) certain dependent care expenses. This plan also allows certain insurance premiums to be pre-tax as well. This plan is available to all Regular Full-Time employees at no cost.
This insurance provides Regular Full-Time employees with 24-hour-a-day accidental death and dismemberment coverage. Regular Full-Time employees coverage is paid 100% by BankPlus. Colonial offers an accident policy at the employee cost.
BankPlus has partnered with St. Dominics and MDLive to offer employees and their dependents access to the telehealth program. The vendor allows nationwide and 24/7 coverage in addition to some of the following benefits:
- U.S. Board‐Certified doctors with an average of 15 years’ experience
- Common minor medical conditions still treated
- Behavioral Health Physicians/Counselors
- A Personal Health Assistant named Sophie
Employee Assistance Program
A service for individuals, couples and families seeking brief outpatient counseling for today’s problems in a confidential setting. This is a comprehensive program offering a confidential employee assistance line, out-patient counseling, and work-place education on health related issues. Unlimited visits paid for by BankPlus. Administered through St. Dominics. Available 24 hours a day, 7 days a week.
Employee Investment Checking Account
All bank employees are provided a BankPlus Employee Investment Checking Account. This account is a high-yield account and earns competitive interest rates based on the account balance. There is no monthly service charge and you are provided with personalized checks, official checks and ATM/debit card. Other features of this account are: free Online Banking and Bill Pay, unlimited free ATM transactions at any BankPlus ATM, unlimited transactions and check writing, check images with monthly statements, no charge from BankPlus for use of other banks' ATMs.
Employee Anniversary Gifts
Employees will be awarded anniversary gifts upon the completion of their 5th year of service and every fifth year after that.
ESOP - Including 401(k) Provisions
Employees are eligible to contribute on a pre-tax basis to the Employee Stock Ownership Plan (with Code Section 401(k) provisions) (referred to as an ESOP). Contributions can be invested in company stock and/or other investment options under the plan. Employees can contribute a percentage of their base pay and the bank will match 100% on the first 3% and a 50% matching contribution on the next 2% of base pay contributed. Employee contributions and matching contributions are 100% vested, and profit sharing contributions are vested on a 6 year sliding scale. Participation in this plan begins each calendar quarter after employment, provided the employee has attained the age of 21 and is employed in a position requiring the completion of at least 1,000 Hours of Service for the Plan Year.
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Employee Bonus Savings Account
All employees are eligible to participate in the Employee Bonus Savings Plan. Under this plan, employees receive a savings account with interest accrued daily at .25% higher than the current competitive market rate.
Discount on closing costs when you finance your mortgage through BankPlus Mortgage.
Special Rates on Loans
BankPlus has put together an offering for employee loan products priced below our already competitive rates.
BankPlus observes the following holidays:
- New Year’s Day
- Martin Luther King, Jr. Day
- Presidents Day
- Mardi Gras
- Memorial Day
- Juneteenth National Independence Day
- Independence Day
- Labor Day
- Columbus Day
- Veterans Day
- Thanksgiving Day
- Christmas Day
Regular Full-Time employees are eligible for sick leave on the first of the month following the initial 60 days of employment as a New Employee. You will receive one day of sick leave for each month worked during the year you are hired and every year thereafter. Unused sick leave is accumulated up to a maximum of 120 work days.
Regular Full-Time employees are eligible for vacation during the year hired on the first of the month following the initial 60 days of employment as a New Employee. You will accrue one day of vacation for every 208 hours to be worked during the year you are hired and two weeks every year thereafter. In the year you complete five (5) years of service, you will receive three weeks paid vacation. In the year you complete fifteen (15) full years of service, you will receive four weeks paid vacation. In the year you complete thirty (30) full years of service, you will receive five weeks paid vacation.
Regular Full-Time employees are given eight (8) hours of paid time each year to use in small increments of time for various appointments.
Full-time employees with BankPlus health insurance receive a ‘Free Day’ off to receive their Annual Wellness Physical.
BankPlus Anniversary Day
Regular Full-Time employees are given one day off for their BankPlus Anniversary Day to recognize continued employment.
Employee Stock Ownership Plan (ESOP)
Full-time and part-time employees may become eligible to make elective deferral contributions the first of the quarter after employment. Employees must be 21 years old and have worked 1,000 hours.
- 100% on first 3% and 50% on the next 2%
- 100% matching goes to BankPlus Stock
Work with the BankPlus Wealth Management Group to ensure comprehensive investment management and financial planning.
Part of our long-term vision is building profitable relationships by creating top-of-mind awareness and identifying referrals and relationship opportunities. This program is a tool to stimulate growth and compensate top performers. The incentives are intended to be recognition for above standard performance, and not a part of routine compensation.
Opportunity for an annual Performance Bonus awarded to High-Performing employees.
Continuing Education Program
Regular Full-Time employees of BankPlus are eligible for membership in the American Institute of Banking (AIB), a national banking education organization. AIB makes available many courses in the various phases of banking that will be of great benefit to you in your career development. You receive college credit for the courses as well as credit toward an AIB educational certificate. The Bank pays for your membership fee (tuition) and the cost for textbooks.
The Bank will pay all expenses for membership in trade associations, civic and service clubs, and similar groups for Regular Full-Time employees where management determines that the Bank will benefit from such memberships.
Employees may gain access to over 13,000 on-demand courses and organize personalized learning and development tracks.