401(k) contributions
While you’re giving 100% to your work every day, we want to make sure you’re also diligently saving for retirement. That’s why we offer a 25% match on anything you put into your 401(k) up to 6% of your gross income — not to mention a yearly profit-sharing contribution (more on that below!). It’s just one of the many ways we reward you for your service over the years. Click through to learn about the nuts and bolts of our 401(k) and profit-sharing plan.
Insurance package
Your all-around health matters to us. That’s why we offer two qualified high-deductible health plans to choose from, top-notch dental and vision coverage, and a few optional add-ons to round out your protection, like an AllState cancer coverage plan and a hospital and accident coverage plan from Assurity. Plus, we’ve got short-term disability, life insurance, and more. We’ve got you covered.
Health benefit accounts
UBT’s health benefit accounts (HSAs, FSAs, and DCFSAs) are some of the very best around. Enjoy the triple tax benefits of an HSA if you’re on UBT’s high-deductible health plan and fill in the gaps with an LPFSA or DCA. Plus, we add funds to your HSA every year (and frontload your FSA if you opt in) for you to use on qualified health expenses.
Profit Sharing
Sharing is caring, and we care a lot
Our associates are vital to our organization’s success, so when the bank does well, we make sure to share it with the folks who made it happen. In addition to our matched contributions to your 401(k) with each paycheck, we give each associate with more than a year of service a discretionary profit-sharing contribution as a deposit to their 401(k)s in March.
Bonuses
A big cherry on top
A discretionary profit bonus based on the success of the bank may be paid semi-annually.
In addition, UBT offers a longevity bonus designed to reward associates for each year of service at five-year increments. Full time associates are paid $160 for each year of service for a total of $800 per 5 years for full time associates. Part time and on-call associates are eligible at a rate proportionate to hours worked each year during the five-year increment. Payment will be made on a regularly scheduled pay date during the month in which the associate’s anniversary occurs and is less applicable taxes and 401k deferrals.
Full-time and part-time associates are celebrated annually with a $100 direct deposit into their account as an anniversary bonus. The deposit, less applicable taxes and 401k deferrals, is made on a regularly scheduled pay date during the month in which the associate’s anniversary occurs.
Free Lunch Program
Who says there’s no such thing as a free lunch?
Free up your budget and take back some of your precious time, because lunch is served. As part of UBT’s Wellness program, free healthy buffet lunches are available at all Lincoln and Omaha campuses Monday–Thursday, including a fresh and delicious salad bar. Meal prep is a real cinch when you’ve got four meals a week already taken care of — with plenty of healthy options to fill your plate (and your stomach).
Tuition Reimbursement
Continue your education — and your career
With UBT’s tuition reimbursement program, you can work for a company that values your education enough to pay for it. Earning and learning are a powerful combo, and if you’re a regular full-time associate, you’re eligible for up to $5,000 annual reimbursement for preapproved classes (tuition, books, and fees are included). Part-time associates are eligible for $2,500 annually, too.
Newborn & Adoption Assistance
When the time is right, UBT can help
Are you ready to expand your family? Let us help take care of some of the guesswork. Our newborn and adoption assistance policy includes financial reimbursement and low-interest loans for eligible adoption expenses, leaves of absence and paid time off, and resources and referral services for those who are growing their families, whether it’s through biological means or via adoption.
This guide is intended to be a general description of the Benefits Program offered by Union Bank & Trust. It is not intended to be a summary plan description (SPD). If there are differences between this guide and the SPD or plan document, the terms of the SPD and plan document should be considered definitive. Union Bank & Trust and any successors reserve the right to change, amend, terminate, or modify the provisions of these plans and programs with or without advance notice. The description of the program, the plan itself, or participation in the plan is not an employment contract or any type of employment guarantee and should not be construed as such. Nothing in this guide is intended to provide medical, tax or legal advice.
