Bank of Marin offers a comprehensive package of benefits including a broad array of medical, dental and vision plans, tuition reimbursement and employee stock option plans among many others.
All Bank of Marin employees scheduled to work 20 hours or more per week are eligible for health insurance benefits. The Bank provides coverage for domestic partners, spouses, and dependent children.
Health and Welfare Benefits
The Bank offers comprehensive medical, dental, and vision coverage for employees and their eligible dependents. Domestic partner coverage is available as well.
Vacation is offered based on hours worked, length of employment, and position held.
The Bank offers 10 paid holidays based on the Federal Reserve Bank’s schedule.
Health and Appointment Time
This time is provided to deal with health issues for the employee, a dependent, or a close family member. It also may be used for visiting a child’s school.
401(k) Savings Plan
Eligible employees may make pre-tax contributions to a 401(k) savings plan. The Bank will match a portion of employee contributions.
Employee Stock Ownership Plan (ESOP)
The Bank contributes cash or stock to the retirement plan annually. Contributions are made on a discretionary basis and are subject to board approval.
The Bank awards a cash bonus to all eligible employees based on attainment of Bank performance goals set annually by the Board of Directors.
Long Term Disability Plan
This insurance coverage protects a portion of an employee’s compensation when an eligible disability lasts longer than 90 days.
The Bank provides Basic Life and Accidental Death and Dismemberment insurance coverage for its employees and their dependents. We also offer an affordable voluntary life insurance plan for employees who desire more coverage.
Family and Medical Leave
After meeting eligibility requirements, an employee may take up to 12 weeks off to deal with a serious health condition of the employee or the employee’s child, parent, or spouse.
Employee Assistance Program (EAP)
Employees, as well as anyone living with them, are offered confidential professional counseling services to deal with issues such as:
- Financial matters
- Legal issues
- Family concerns
- Tax questions
When faced with the challenge of finding assistance for child and elder care, the Dependent Care Connection offers information about what is available in the community.
The Bank will reimburse an employee for a portion (up to 100%) of tuition for successfully completing a class to better his / her knowledge for a current position or a career path position.
Skill Building Seminars
Various seminars are offered to help employees build better skills, such as improving computer proficiency, developing product knowledge, or learning to be a better communicator.
Free Checking/Savings/Internet Banking
Employees are immediately eligible to receive checking and savings accounts from Bank of Marin free of monthly service charges.
Employees have the option of purchasing additional insurance for heart attack, stroke, cancer and accidents. Long term care programs are available as well.
Premium Only Plan (Section 125)
The employee portion of premiums for all qualified plans can be deducted from pay on a pre-tax basis.
The Bank offers employee discounts for Wealth Management services.
Employee Stock Purchase Plan
This plan gives employees the opportunity to purchase Bank stock through payroll deductions. Employees get a 5% discount off market value and pay no brokers fees.