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Benefits
Many benefits are provided through the bank's cafeteria benefits plan, and employees are allowed to make elections on what benefits they receive. Each qualified employee* is allocated an amount of Flex Credits, which can be used: To purchase medical or dental insurance To purchase group term life insurance To purchase group long term disability insurance To purchase cancer insurance For certain health care expenses For dependent care expenses To purchase an additional vacation dayFlex Credits not allocated to the listed benefits are paid to employees as taxable compensation. |
| Medical/Dental Insurance Qualified employees* receive coverage on the first day of the month following employment. |
| Personal Time Off Qualified employees* earn PTO based on hire date and seniority. PTO may be used for vacation, illness, appointments, emergencies, or time off to care for dependents, or other needs that require time off from work. PTO is available for use after 90 days of employment. Part-time employees who work at least 20 hours (but less than 30 hours) per week earn a reduced PTO benefit. |
| Holidays Bank Iowa observes national holidays as determined in local markets. |
| Bereavement Leave Qualified employees* receive up to three days of paid leave upon death of an immediate family member. |
| Cancer Insurance Qualified employees* may elect to use Flex Credits on cancer insurance. |
| Life Insurance Qualified employees* may elect to use Flex Credits on life insurance. |
| Disability Insurance Qualified employees* use Flex Credits to purchase disability insurance. Employees who are unable to perform work due to total disability qualify for insurance compensation after 180 days of disability. |
| Flexible Spending Accounts All qualified employees* are allowed to participate in flexible spending accounts that allow the employee to designate funds, pre-tax, from their salary to pay for dependent care or certain medical expenses. Flex Credits may be allocated to flexible spending accounts. |
| Employee Assistance Program Bank Iowa offers employees the services of Employee & Family Resources, Inc. EFR provides personal, caring EAP support to employees and their families during the most difficult and sensitive times of their lives. Free assistance is available for any kind of personal or work-related problem. |
| Other Benefits Coffee/soft drinks provided for breaks Free checking account Free checks Free cashier's checks Free safe deposit box Group social functions Bank logo apparel |
Bank Iowa is an Equal Opportunity Employer, committed to creating a diverse workforce.
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