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: Supplemental life insurance policies are available to full-time employees, through a third party vendor.
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 with carrier approval.
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 with carrier approval.
401(k) Plan: Upon date of hire, all employees age 18 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 a percentage of an employee’s 401(k) deferral amount.
Flexible Spending/Cafeteria Plan: Employees may elect pre-tax deductions from their salary for the payment of allowable healthcare or dependent care costs.
ESOP (Employee Stock Ownership Plan): Following one year of service and completing 1,000 hours of service, eligible employees 18 and older are automatically enrolled in the ESOP on the first available enrollment date. Contributions to the plan are made at the discretion of the bank’s board of directors.
Vacation: Employees accrue vacation time each pay period based on their years of service and employment status. New full-time employees are expected to complete 30 days 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 30 days 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.
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.
Employee Assistance Program: Upon date of hire, employees and their eligible 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.