Benefits Package

Health Insurance

Medical - A POS plan is provided.  Both the employees and the Bank contribute toward the monthly premium. Full-time employees are eligible on the first of the month following their date of employment. Part-time employees are eligible the first of the month following 60 days of employment. Group medical benefits are provided through United HealthCare of Texas, Inc.  The Certificate of Coverage describes the terms and conditions of the benefits provided under the group policy.  If there is a discrepancy between the provisions of the Employer’s online or printed Certificate and the provisions of the Certificate provided by the Company, the provisions of the Company’s Certificate will prevail.

Dental - A PPO plan is provided.  The Bank and employees pay a portion of the monthly premium. The plan includes coverage for preventive, basic, major dental work, and orthodontia (for adults and children). The level of coverage depends on the type of service provided. All full-time employees are eligible on the first day of the month following date of employment. All part-time employees are eligible on the first day of the month following 60 days of continuous employment.

Vision
Employees may elect to purchase vision insurance for themselves and their dependents.  The plan includes coverage for eye exams, frames, eyeglass lenses (or contact lenses in lieu of eyeglasses), as well as discounts for refractive eye surgery.  The employee pays 100% of the cost for this benefit. 

Life & Accidental Death and Dismemberment Insurance

The Bank pays all premium costs. Full-time and part-time employees are eligible on the first day of employment. Coverage is at two times the annual salary rounded up to the next thousand dollars, up to a maximum of $500,000.

Long Term Disability Insurance

The Bank pays the premium costs.  Full-time employees are eligible after six months of continuous employment. The plan provides partial income to disabled employees after 120 consecutive days of disability. The policy covers 66.67% of the basic monthly rate up to a maximum of $10,000 monthly. In addition, in the event of a catastrophic disability that results in the loss of two or more activities of daily living, the benefit percentage will increase to up to 100% of pre-disability earnings. 


Voluntary Insurance

Supplemental Life - Employees may elect to purchase supplemental life insurance for themselves and/or their dependents at discounted group rates.

Long Term Care - The Bank offers a voluntary long term care policy to full-time and part-time employees, spouses, and other immediate family members.  This insurance pays a monthly benefit when an insured is receiving care at home or in a facility when needing assistance with activities of daily living (i.e., bathing, dressing, eating, etc.).  Employees pay 100% of the premium.

Short-Term Disability - This voluntary benefit provides valuable protection in the event you are unable to work due to a disability caused by accident or sickness.


Other Health Benefits

Cafeteria Plan/Flexible Spending Account (FSA) - Employees can elect to pay their insurance premiums on a pre-tax basis, thereby reducing their taxable income. They can also establish a healthcare or dependent care FSA to pay for eligible out-of-pocket expenses on a pre-tax basis. Monies diverted into the reimbursement account program are not taxable for federal income tax or Social Security/FICA. Full-time employees qualify on the first of the month following date of hire for healthcare reimbursement, and on the first of the month following 30 days of active service for dependent care reimbursement.  Part-time employees qualify on the first of the month following sixty (60) days of active service.  

Employee Assistance Program (EAP) - The Bank has contracted with Deer Oaks EAP Services to offer professional, confidential counseling to employees and any family members residing in their household. Full-time and part-time employees and their family members may receive eight (8) one-hour counseling sessions per problem during the contract year (August 1 through July 31) at no cost. 

Health and Wellness Events – The Bank provides year-round health and wellness events for all employees through our HealthSmart Employee Wellness Program.  These include free flu shots, screenings (blood pressure, glucose, cholesterol, BMI, etc.), health fair, wellness monthly  newsletter, on-line health assessments, and other wellness events in which employees and family members are invited to participate.

Retirement


Profit Sharing 401(k) Plan - This plan provides eligible employees retirement income and allows eligible employees to share in the Bank's profits. Employees are eligible to participate on the first of the month following their date of hire.  Employees can elect to save any whole percentage of their salaries up to the annual IRS maximum amount on a pre-tax basis for retirement.  Employee contributions are always 100% vested. The Bank will match 50 cents for each dollar of the employee's contribution up to the first 6%.  The Bank's match and profit-sharing contributions are subject to the Plan's vesting schedule. 

Retirement Gift - At retirement, the Bank provides the following cash awards: 5 -10 years - $200, 10-15 years - $300, 15-20 years - $600 and over 20 years - $1,000. All cash awards are subject to federal taxation.


Time Off Benefits


Broadway Bank provides generous paid time off benefits to employees.  Some of the time off benefits include paid holidays, vacation leave, sick leave, personal leave, jury or military duty leave, and bereavement leave. 


Other Bank Benefits


Attendance Award – The Bank recognizes full-time and part-time non-exempt employees with perfect attendance with a monetary award.

Educational Assistance - The bank will reimburse employees for banking or business-related courses or for courses related to the pursuit of a college degree (undergraduate and graduate). Employees with at least 90 days of service are eligible for reimbursement of up to $1,000 per semester (up to $4,000 per year).  Employees must earn a grade of "C" or better to receive reimbursement. A maximum of two courses or 6 hours per semester will be reimbursed.  Reimbursement is offset by any scholarships or grants the employee may receive.

Anniversary Recognition - Employees' and Directors' length of service is recognized with the following cash awards: 5 years - $100, 10 years - $200, 15 years - $300, 20 years - $400, 25 years - $500, 30 years - $600, 35 years - $700 and 40 years - $800. All cash awards are subject to federal taxation.

Free Checking Account - The Bank provides two free checking accounts to employees (or one free checking and one free savings account).

Free Small Safe Deposit Box - employees are eligible to receive a small (2x5) safe deposit box and the Bank will waive the $15 monthly charge.  The employee is responsible for set-up charges.  For larger boxes, the $15 credit will be applied and the employee must pay the the difference.

Reduced Loan Rates – Broadway Bank offers reduced auto loan rates for employees and officers below the vice president level. 

Recruitment Award - Full-time and part-time employees are eligible to receive $500 for successfully recruiting a non-exempt employee and $1,000 for recruiting an exempt or officer-level employee. The referred individual must, at the time of making an application, put the name of the employee referring him or her on the application.  If the referred applicant is offered and accepts a full-time or part-time position with the Bank, the referring employee will receive $100.00 following the applicant's date of hire, and the remaining amount will be paid when the new employee reaches his or her 120-day anniversary. All cash awards are subject to federal taxation.

Floral Arrangements - The Bank provides flower arrangements for employees, spouses and immediate family members in the event of hospitalization or funeral.  The Bank also provides for a baby gift for employees and spouses in the event of a birth or adoption of a child.

Mileage Reimbursement - The Bank reimburses mileage costs for employees who use personal vehicles for Bank business.  The reimbursement rate will be at the prevailing IRS mileage rate.

Parking - The Bank provides free parking to all employees, including the downtown banking center.

Picnic - Employees and their families are invited to the Bank's annual picnic.

Rest Periods - Employees may take one fifteen-minute break in the morning and one in the afternoon if the work schedule permits. Breaks are paid time.

© Broadway Bank. Equal Housing Lender. Member FDIC
210.283.6500 • Outside San Antonio call toll-free 800.531.7650
1177 N. E. Loop 410, San Antonio, Texas 78209

Benefits Information
*The descriptions in this Benefits Summary are to provide general information to employees and should not be relied upon for specific information about any plan, program or policy listed herein. For detailed information about these benefits, or about your eligibility for any particular plan, program or policy, you should consult the Personnel Policies and Procedures Manual, the Human Resources Department, and the specific Summary Plan Descriptions and/or Plan Documents for the benefit, program or policy in question. In addition, the listing of benefits in this Summary is not a promise by BBI to continue any benefit, policy, plan or program. BBI reserves the right to amend, add to or terminate its benefits and plans, programs or policies at any time.