This report analyzes and compares 1ST MERCHANT FUNDING's employee health insurance and employee benefits with its industry and in Florida State.
Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.
Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.
This report contains the following sections
Career benefits
1ST MERCHANT FUNDING has top-notch career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the 1ST MERCHANT FUNDING. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: 1ST MERCHANT FUNDING believes that career planning of each employee is a key to a successful business and offers solid opportunities so that the employees can reach their full potential. 1ST MERCHANT FUNDING has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: 1ST MERCHANT FUNDING does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: 1ST MERCHANT FUNDING offers first-class development resources to enable its employees to grow on a personal and a professional plan. With access to first-class intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: 1ST MERCHANT FUNDING has a superior policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: 1ST MERCHANT FUNDING is always on the lookout for new leadership material and offers great development programs for its team members. With access to great resources, 1ST MERCHANT FUNDING ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: 1ST MERCHANT FUNDING does not offer onboarding.
- RECOGNITION PROGRAMS: 1ST MERCHANT FUNDING knows that dedicated team members are hard to come by so it has an exceptional Recognition program for those who stand out and continually contribute to 1ST MERCHANT FUNDING.
- TUITION REIMBURSEMENT: 1ST MERCHANT FUNDING realizes that continuous education is a key to success so it has an outstanding Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | 1ST MERCHANT FUNDING | Industry | Florida |
|---|---|---|---|
| Career planning Benefits | |||
| Coaching and mentoring Benefits | |||
| Development resources Benefits | |||
| GED reimbursement Benefits | |||
| Leadership programs Benefits | |||
| Onboarding Benefits | |||
| Recognition programs Benefits | |||
| Tuition reimbursement Benefits |
Healthcare benefits
1ST MERCHANT FUNDING offers top-notch health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy 1ST MERCHANT FUNDING's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: 1ST MERCHANT FUNDING is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why 1ST MERCHANT FUNDING implemented a great counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This great counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: 1ST MERCHANT FUNDING offers a solid dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
- HEALTH INSURANCE: 1ST MERCHANT FUNDING provides an outstanding health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: 1ST MERCHANT FUNDING offers its team members top-notch health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. 1ST MERCHANT FUNDING provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, 1ST MERCHANT FUNDING offers a good healthcare spending account where employees can deposit a part of their paycheck, free of taxes, and use it to pay hospital bills or other eligible expenses. Any remaining funds left at the end of the year are forfeited.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, 1ST MERCHANT FUNDING has created a top-notch maternity support program to support its expecting team members.
- TELEHEALTH: 1ST MERCHANT FUNDING has implemented a first-class telehealth policy for its members to use any time of the day, every single day. 1ST MERCHANT FUNDING covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: 1ST MERCHANT FUNDING has an impressive Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
Benefit | 1ST MERCHANT FUNDING | Industry | Florida |
|---|---|---|---|
| Counseling Benefits | |||
| Dental Plan Benefits | |||
| Health Insurance Benefits | |||
| Health Plan Incentives Benefits | |||
| Healthcare Spending Accounts Benefits | |||
| Maternity support program Benefits | |||
| Telehealth Benefits | |||
| Vision Plan Benefits |
Financial benefits
1ST MERCHANT FUNDING offers superb financial benefits for employees and their family members. A superb 401(k) plan makes sure that employees have a secure retirement, while a generous, fully paid parental leave allows expecting mothers and fathers to enjoy their child's first year. Along with paid vacations, employees can enjoy fully paid commuting as well.
- 401(K) PLAN: 1ST MERCHANT FUNDING knows how important it is to think about retirement and start saving on time. That's why it offers a suitable 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and 1ST MERCHANT FUNDING will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, 1ST MERCHANT FUNDING provides resources which will help team members decide what to do with their 401(k) plan. 1ST MERCHANT FUNDING offers a suitable vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: 1ST MERCHANT FUNDING has a good Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
- BONUS PAY: 1ST MERCHANT FUNDING has an outstanding bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: 1ST MERCHANT FUNDING offers a solid discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: 1ST MERCHANT FUNDING offers extraordinary commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: 1ST MERCHANT FUNDING has a good daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
- DISABILITY: 1ST MERCHANT FUNDING has an impressive disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
- LIFE INSURANCE: 1ST MERCHANT FUNDING offers a good life insurance policy to its team members for an affordable price. 1ST MERCHANT FUNDING participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: 1ST MERCHANT FUNDING realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why 1ST MERCHANT FUNDING has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: 1ST MERCHANT FUNDING recognizes the importance of giving back to the community so it offers a suitable volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by 1ST MERCHANT FUNDING, on volunteer work of their choice.
- PARENTAL LEAVE: 1ST MERCHANT FUNDING has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | 1ST MERCHANT FUNDING | Industry | Florida |
|---|---|---|---|
| 401(k) plan Benefits | |||
| Adoption assistance reimbursement Benefits | |||
| Bonus pay Benefits | |||
| Childcare discount Benefits | |||
| Commuter benefit Benefits | |||
| Daycare flexible spending account Benefits | |||
| Disability Benefits | |||
| Life insurance Benefits | |||
| Paid time off Benefits | |||
| Paid volunteer time off Benefits | |||
| Parental leave Benefits |
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