Benefits - Eastern Savings Bank Skip Navigation
800.787.2265
Routing # 252070639

Benefits

We recognize our associates’ hard work and dedication – which is why we strive to reward them with competitive compensation plans and an excellent benefits package that includes the following:

Group Health Benefits

True success comes from within, and a healthy mind and body are essential to one’s efficiency and general well being. We provide a generous health benefit package as well as a variety of voluntary medical benefits.

Medical

We offer a plan through UnitedHealthcare. Coverage in the network is paid at 80%. Out of network coverage is paid at 60%.

We also offer a 4-tier formulary prescription drug plan. Associates who also take advantage of the mail-order option can obtain maintenance medication at a special discount.

If you enroll in our medical plan, you are eligible to participate in the United Healthcare (UHC) Rewards wellness program, which will provide you and your covered spouse with access to incentives of up to $300 per medical plan year in digital Visa® gift card rewards.

The Transparency in Coverage Final Rules require certain group health plans to disclose on a public website information regarding in-network provider rates and historical out-of-network allowed amounts and billed charges for covered items and services in two separate machine-readable files (MRFs). The MRFs for the benefit package options under the Eastern Savings Bank Health Plan is linked below:

transparency-in-coverage.uhc.com

Flexible Spending Account (FSA)

Eastern Savings Bank offers medical care and dependent care (child or elderly) Flexible Spending Accounts. The FSA plan is a tax-advantaged way to pay for certain medical and/or dependent care expenses.

Bank Paid Life Insurance

All regular full-time associates are eligible for Bank-paid life and accidental death and dismemberment insurance coverage at an amount equal to their salary up to a maximum of $100,000.

Voluntary Benefits

In addition to our medical benefits, Eastern Savings Bank offers a great selection of voluntary benefits. Associates may choose to participate in our dental, vision, supplemental life insurance, and legal benefits plans.

Other Benefits

401(k)

Eastern Savings Bank is pleased to offer a pre – and – post tax 401(k) savings plan to all regular full or part-time associates who meet the eligibility requirements. Associates may contribute any percentage of their total compensation to the plan up to the annual deferral amount limit as set forth by federal regulations. In addition, the Bank matches one half of the first 8% of our Associates’ contributions.

Discretionary Time Off Benefits

Vacation

Eastern Savings Bank recognizes the importance of vacation time as providing an opportunity for rest, relaxation, and recreation. Associates with less than five years of service may earn 80 hours of vacation. Associates with five to ten years of employment may earn 120 hours of vacation, and will continue to accrue additional vacation time every five years after that! Part-time associates are eligible for vacation leave after one year of employment. Vacation hours accrue proportionate to the number of regular hours actually worked.

Sick

Associates may accrue up to 40 hours of sick and safe leave per year (or up to 2.66 hours per biweekly pay based on an 80-hour pay period, until the 40 hour cap is reached). Accrual begins on the first day of employment; however, associates are not permitted to use accrued sick leave until they have completed 90 days of employment beginning on the hire date.

Personal

The Bank provides paid time off for personal reasons, such as scheduling medical and/or other appointments, observing religious/ethnic holidays, arriving to work late or not at all due to inclement weather, or for other personal business.

Wellness

Eastern Savings Bank takes pride in promoting the importance of living a healthy lifestyle! We offer a Wellness program through our medical plan, an annual Health Fair that includes a flu vaccination clinic, an Employee Assistance Program (6 free sessions), and a host of other health-related perks and programs.

Career Development/Training/Unlimited Opportunity

We foster the growth and development of our associates, and we take pride in offering continuing career development and training within each department as well as giving associates the opportunity to attend external seminars and training classes.

Tuition Reimbursement

In recognition of the long-range contribution that additional job-related education can make to the Bank, and as a means of assisting associates develop their skills and improve their performance, the Bank has established a tuition reimbursement program. Reimbursement is subject to management approval and based on the grade received for each course taken.

Other Perks

  • Family atmosphere/Team environment
  • Employee referral incentive plan
  • Business casual environment
  • Company sponsored events
  • Company sponsored gym benefit
  • Free soda, coffee and water
  • Snack bar
  • Free checking accounts
  • Free online banking
  • Six-month, interest-free loan for the purchase of a home computer

Building Amenities

Our Corporate Headquarters facility includes the following amenities: