5 3 Bank Employee Benefits for a Better Life

Working at 5 3 Bank can be a great opportunity for a better life, thanks to the many employee benefits they offer. One of the best benefits is the retirement savings plan, which matches a portion of your contributions up to 6% of your salary.

With a strong retirement plan in place, you can feel more secure about your financial future. This is especially important for young professionals who are just starting out in their careers.

The bank also offers a generous parental leave policy, allowing employees to take up to 12 weeks of paid leave after the birth or adoption of a child. This is a huge perk for new parents who need time to care for their little ones.

Taking time off to care for a new baby or adopted child can be a life-changing experience, and 5 3 Bank's parental leave policy makes it possible for employees to do so without financial stress.

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Fifth Third Bank takes employee benefits seriously, offering a range of programs to support their overall well-being.

Employees can earn up to $1,800 in their paychecks through the myWellness program by taking specific actions for health and financial wellness.

The bank provides comprehensive and competitive traditional benefits, including medical, dental, and vision plans, with medical plans covering preventative screenings at 100%.

Teladoc offers 24/7 year-round access to world-renowned experts via web, phone, or app at no cost to employees, and all employees and their dependents are eligible.

The Financial Wellness program offers personal financial coaching, educational tools, and resources to employees and their spouses or partners.

Employees can also take advantage of a 401(k) retirement plan with a match up to 7% of their compensation, as well as refinancing options for student debt through a partnership with Empower Retirement.

Fifth Third Bank encourages employees to focus on their mental and emotional health, offering programs such as LifeWorks, a free and confidential support program, and the Employee Assistance Program help line.

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Here are some of the additional benefits Fifth Third Bank offers:

Working at a bank like Salem Five can have some amazing perks beyond just your salary. You'll have access to a free Salem Five Open Rewards Premier Account with unlimited ATM surcharge reimbursements.

The bank also offers subsidized parking in Salem, which can save you money on transportation costs.

If you're looking for a way to stay active, Salem Five has a Wellness Incentive program that reimburses eligible employees $75 per year for a fitness center membership or a qualified fitness-related expense.

The bank also offers an Employee Assistance Program (EAP) that's available 24 hours a day, providing free and confidential support for a wide range of personal issues.

If you're interested in improving your health, you can take advantage of Aetna reimbursements, which offer up to $300 per year for qualified health clubs, group exercise classes, alternative medicine services, and weight loss programs.

Here are some of the wellness benefits you can look forward to as a Salem Five employee:

You'll appreciate the financial benefits that come with working at 3 Bank. Here are a few perks that can save you money and hassle.

Legal insurance is available to eligible employees who can purchase coverage for various services, including motor vehicle legal expenses and trial defense services. Employees are responsible for 100% of the premium.

One way to reduce your taxable income is through the pre-tax commuter program. This allows employees to set aside money on a pretax basis for qualified commuting expenses, such as mass transit costs.

You can also save on auto and homeowner’s insurance with discounted rates through Salem Five Insurance Services. This is a great way to reduce your expenses and make your money go further.

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Disability Life Insurance Coverage is an essential aspect of Salem Five's financial benefits package. It provides protection for eligible employees' earnings in case they become disabled.

Eligible employees are automatically covered under the Short-term (STD) and Long-Term Disability (LTD) Plans after three months of employment. This coverage is provided by Mutual of Omaha at no cost to the employee.

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The Short-term Disability Plan provides protection for earnings in case of a temporary disability, while the Long-Term Disability Plan offers coverage for a more extended period.

Business Travel Accident Insurance is also provided to all employees, regardless of hours worked, at no cost to the employee. This coverage is automatically included in the benefits package.

Here's a summary of the disability life insurance coverage:

Critical Illness and Accident Insurance is also available to eligible employees, but this coverage is voluntary and paid for through payroll deductions.

One of the most significant advantages of working with this company is the range of benefits that can save you money and hassle.

Legal insurance is available to eligible employees, covering preventative legal services, motor vehicle legal expenses, trial defense services, IRS audit services, and legal litigation services. Employees are responsible for 100% of the premium.

You can also save on personal property insurance, including home and auto insurance, through Salem Five Insurance Services at discounted rates. This can be a huge relief for those of us who are used to paying full price for these essential services.

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The pre-tax commuter program is another great perk, allowing you to set aside money on a pretax basis for qualified commuting expenses (as defined by the IRS), thereby reducing your taxable income. Employees are responsible for 100% of the premium.

Here are the benefits that can save you money and hassle at a glance: