Benefits Overview

IBC Bank offers a comprehensive benefits program to all full-time employees. Many of our benefits are also available for our part-time employees. See below for a brief description of the benefits available as an IBC Bank employee. Many of the benefits are also available to your dependents.

Medical Coverage

We offer employer-paid medical benefits to all of our full-time employees. This coverage includes medical and prescription coverage. As an option, full-time employees can add their dependents to the program and have their costs deducted pre-tax from their paychecks.

Eligibility: After the initial probation period.

Dental Coverage

This is an optional benefit offered to all full-time and part-time employees. The plan includes various levels of coverage, from single-member to family plans.

Eligibility: After the initial probation period.

Basic Life Insurance

All full-time employees are eligible for an employer-paid life insurance plan.

Eligibility: After the initial probation period.

Supplemental Life Insurance

This is an optional program offered to all full-time and part-time employees. The employee pays this, and it can be deducted from the paycheck on a post-tax basis.

Eligibility: After the initial probation period.

Disability Insurance

This is an optional insurance plan offered to full-time and part-time employees. This can be deducted from an employee's paycheck on a post-tax basis.

Eligibility: After the initial probation period.

Medical Spending Account

This optional benefit allows employees to set aside up to $2,650 per year for out-of-pocket health care expenses through a pre-tax payroll deduction.

Eligibility: After the initial probation period.

Child Care Spending Account

This optional benefit allows employees to set aside up to $5000 per year for childcare expenses through a pre-tax payroll deduction.

Eligibility: After the initial probation period.

401K

The 401K savings program allows employees to save 1-15% of their annual income in the bank's 401K plan.

Eligibility: Eligible after the first day of the year following the employment date.

Profit Sharing

Contingent on the bank's profitability, employees are given contributions based on their pay and years of service.

Eligibility: Eligible after the first day of the year following the employment date.

Tuition Assistance Program

Offered to full-time and part-time employees attending an accredited institution of higher learning. This program provides reimbursement for tuition for courses related to the financial banking industry.

Eligibility: After six months of employment.

Computer Assistance Purchase Program

All employees are offered the opportunity to purchase a computer through this program. The cost will be payroll deducted from their paycheck.

Eligibility: After one year of employment.

Vacation

Vacation is offered to all full-time and part-time employees who work more than 20 hours per week.

Eligibility: Depending on the hire date, after initial probation.

Sick Leave

Sick Leave accumulates monthly at a rate of one day per month worked for full-time employees.

Eligibility: After the initial probation period.