Health, Vision, Dental Insurance and Wellness Benefits
After 60 days’ employment, full-time and 130-hour/month teammates become eligible to participate in our group health, vision, and dental insurance plans offered by Anthem Blue Cross Blue Shield. The health, vision and dental plans go into effect on the first day of the month following the teammate’s 60th day. Health Savings Accounts are also available for those teammates participating in our health insurance plan, including employer contributions into the account. Teammates also participate in a Section 125 pre-tax premium plan for health, vision and dental premiums through payroll deductions.
Teammates covered under Paducah Bank’s health insurance plan also enjoy wellness benefits which include free annual physical exams, free preventative and urgent care clinic visits and free one-on-one wellness coaching.
Training, Education and Teammate Development
Teammates will have the opportunity to participate in a variety of development opportunities, both internally and externally, in order to increase skill level and aid them in long term career and personal development.
Ownership and Long-Term Investment/Retirement Preparation
Paducah Bank offers retirement planning through our KSOP (401K and Employee Stock Ownership Plan), including company matching as detailed in the attached Summary Plan Description.
Flexible Time Off
Flexible Time Off (hereafter “FTO”) is to be used at the teammate’s discretion while coordinating with his/her team leader, for illness, doctor’s visits, vacation and personal leave.
Full time teammates receive ten paid holidays annually.
Personal Home Mortgage Benefit
Teammates receive a personal home mortgage benefit equal to .50% of the amount of their mortgage loan to be used for closing costs or to buy down the interest rate.
WOW! Perks with Interest Checking Account
Teammates will receive a checking account with no maintenance fee into which payroll will be deposited.
Teammate Assistance Program
Teammates and members of their families receive up to three free, confidential visits per year with professional counselors/therapists/psychologists through Psychological Associates of Paducah, Inc.
PBT Insurance Services, LLC
A full-service insurance agency, PBT Insurance Services, LLC, offers convenience, reliability, service and savings on the insurance products you need to protect yourself and your family. For a free, no obligation quote, call 1.877.734.329 or visit paducahbank.insuranceaisle.com.
Life, Accidental Death and Dismemberment, Long Term Disability Insurances
Group Life Insurance coverage is 2.5 times annual salary up to $400,000.
Group Accidental Death and Dismemberment coverage is 2.5 times annual salary up to $400,000.
Long Term Disability coverage is 60% of monthly salary up to $5,000.
Supplemental Insurance Benefits
Teammates receive access to supplemental worksite insurance such as accident, cancer, disability and more.
Teammates may contact a Relationship Manager for information on discounted loan rates.
Paducah Bank sponsors a College Savings (529) Plan, enabling the teammate to save for a loved one’s future educational expenses. The plan is established with American Funds, providing potential tax benefits and discounts to traditional investment costs.
Discounts On Legal Services
Denton Law Firm offers Paducah Bank teammates discounted fees on estate planning services, i.e. wills.
Safe Deposit Box
Teammates have the use of a safe deposit box at no charge.
Teammates enjoy reserved parking and are not charged a parking fee.
Teammates receive Paducah Bank logoed clothing for relaxed business wear.
Teammates and a guest are treated to events throughout the year, such as summer and holiday parties.