Employee Benefits

Medical, Dental and Vision, and Prescription

Our comprehensive benefits package includes medical, dental and vision coverage for full-time employees and their eligible family members. Coverage is available at the first of the month following 30 days of employment.

• Medical Care – Coverage options include CareFirst Blue Choice Advantage 2.0 Plans. Payroll deductions are determined by the options selected and are assessed on a pre-tax basis resulting in a decrease in income liability. Coverage is extended to a spouse and eligible dependents as specified by the plan. If you choose the HSA Blue Choice Advantage 2.0 plan, you are eligible to contribute to a Health Savings Account through Flores.
• Dental Care – The Bank of Glen Burnie offers dental coverage through CareFirst. Employees may choose between the High Plan PPO and the Low Plan PPO.
• Vision Care – Vision care benefits are offered to Bank of Glen Burnie employees through National Vision Administrators (NVA). Employees may select from Standard Vision or Buy-up Vision plans.
• Prescription Drug – When you enroll in a medical plan, you receive comprehensive prescription drug coverage through CareFirst.

401(k) Retirement Plan

The Bank of Glen Burnie offers retirement benefits for both full and part-time employees through participation in a 401(k) plan funded through salary reduction contributions each year on a pretax basis toward retirement. Employees are eligible (after attaining age 20) to enter this plan on January 1, April 1, July 1 and November 1 following six months of service. Employees who defer money into the 401(k) plan will receive a matching contribution from The Bank of Glen Burnie. The employer matching contribution is 50%, up to the first 6% the employee defers. This matching contribution is discretionary and subject to change at any time. Additional Information about the matching contribution and vesting schedule is available through the Human Resources department.

Flexible Spending Accounts

• Health Care Flexible Spending Account
• Dependent Care Flexible Spending Account

The Bank of Glen Burnie offers employees the option to participate in a Flexible Spending Account (FSA) to help manage out of pocket costs by setting aside pretax money from your paycheck to use for eligible expenses. Participants may contribute up to $3,400 per year into a Health Care FSA and up to $7,500 per year into a Dependent Care Spending Account(s).

Insurance Benefits

• Group Term Life and Accidental Death/Dismemberment Insurance – The Bank of Glen Burnie offers life insurance to full-time employees that is available the first day of the month following 30 days of employment. This benefit is paid 100% by the bank. The amount of life insurance is 1.5 times your annual earnings, rounded to the next $1,000, not to exceed $60,000 ($50,000 for Officers). Coverage up to $50,000 is non-taxable.
• Supplemental Insurance – Various supplemental coverage is available to full-time employees through Mutual of Omaha for the employee, legal spouse and/or dependent child(ren). Accident, Hospital Indemnity, and Critical Illness Insurances are offered through United Healthcare. Rates vary based on personal circumstances and coverage selected. Some coverage, such as Voluntary Life insurance, may require medical underwriting. Emergency Travel Assistance, ID Theft Protection, Will Preparation, and Hearing Discount Programs are offered at no cost to the employee.
• Short -Term Disability Insurance – Short-term disability is available to full-time employees after completion of an initial evaluation period of six months. After eligibility, coverage is effective from the 8^th day of accident or injury up to 12 weeks. The amount of short-term disability pay is based on length of service and weekly earnings.
• Long -Term Disability Insurance – Long-term disability is available to full-time employees after completion of an initial evaluation period of six months. After eligibility, it is effective after 90 days of qualified disability. This benefit is provided at no cost to the employee, and the benefit amount is based on monthly earnings.

Paid Time Off and Holidays

The Bank of Glen Burnie offers generous Paid Time Off plans to full-time employees. PTO Leave accrual is available the first of the month following 30 days of employment and is based on years of service and/or position held with the bank. Paid Holidays are available immediately upon hire. The bank recognizes approximately 11 holidays per year. Part-time employees are paid holiday pay for the hours they are normally scheduled to work on the day of the holiday.

Education Assistance

Educational Assistance may be available after completion of one year of service with approval. Specific courses or courses taken as part of a degree or certificate program that are related to the employee’s job and approved by the manager and the Director of Human Resources may be eligible for tuition assistance. The employee is responsible for reimbursing the Bank for all costs associated with a course that is either dropped or a grade level of "C" or higher is not attained, and if the employee separates from employment prior to two years of service following completion.

Work Life Balance

• Employee Assistance Program (EAP) – Employees and their household family members receive confidential EAP counseling with Mutual of Omaha. These can be for personal and work-related concerns, including, but not limited to issues and conflict related to family and relationships, work, finances, and more.
• Wellness Programs and Rewards are offered through CareFirst
• Annual Company Events & Employee Service Recognition
• Business Casual Fridays

All benefits listed are intended as a general summary. Plan documents provide more detail and prevail if there is a discrepancy.