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Employee Benefits

Insurance

Health Insurance: Medical and prescription drug coverage is available to full-time and part-time employees upon date of hire. Employees may choose between a Preferred Provider Organization and a High Deductible Health Plan. Temporary employees are ineligible for all health and welfare programs.

Dental Insurance: Coverage is available to full-time and part-time employees upon date of hire. Preventative services are covered at 100% (up to 2 visits per year.)

Vision Insurance: Coverage is available to full-time and part time employees.

Life Insurance and Accidental Death & Dismemberment (AD& D): Full-time employees are provided coverage up to three times their annual salary for life insurance and AD&D at no cost, upon date of hire.

Supplemental Insurance: Certain supplemental insurance policies, such as Accident and Voluntary Life, are available to full-time employees, through providers such as Assurant and Unum.

Long-term Disability Insurance: After one (1) year of service, full-time employees are eligible for long-term disability at a percentage of the employee’s regular rate beginning 180 days after date of disability.

Short-term Disability Insurance: For disabilities longer than five (5) working days but less than 180 days, full-time employee are eligible for short-term disability after they complete one (1) year of service. Disability payments are based on a percentage of the employee’s regular rate.

Financial Programs

401(k) Plan: Upon date of hire, all employees age 21 and older may contribute a percentage of their salary to a 401(k) in the Combined Benefits Plan, through either a traditional or Roth program. The Landrum Company will match $.50 per $1 up to 5% of an employee’s annual salary.

Flexible Spending/Cafeteria Plan: Employees may elect pre-tax deduction from their salary for the payment of allowable healthcare or dependent care costs.

Time Off

Vacation: Employees accrue vacation time each pay period based on their years of service and position classification. New full-time employees are expected to complete three months of employment to be eligible to use accrued vacation. Eligible part-time employees begin accruing vacation after one year of employment.

Sick Pay: Full-time and eligible part-time employees will accrue sick leave for legitimate personal illness or illness of a family member when the employee is needed as a caregiver. New full-time employees must complete three months of employment to be eligible to use accrued sick pay. Eligible part-time employees begin accruing sick pay after one year of employment.

Paid Personal Time: Eligible employees may use up to 16 hours (2 days) of sick pay per calendar year for personal reasons.

Career Development

Educational Assistance: After one year of service, eligible employees may apply for educational assistance. Reimbursement of a percentage of college or university tuition costs for appropriate courses/degree plans is based upon the grade achieved and appropriate management approval.

Additional Benefits

Employee Assistance Program: Upon date of hire, employees and their dependents may participate in the company-sponsored Employee Assistance Program.

Bank Services: Upon date of hire, employees are eligible for free or discounted banking services, including a variety of retail and loan products as well as trust and financial consulting services.
 


Landmark Bank is an Equal Opportunity Employer. This information is presented as a matter of information only. The Landrum Company reserves the right to modify, revoke, suspend, terminate, or change any or all such plans, policies, or procedures in whole or in part, at any time, with or without notice.

 
 
 
 
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