This report analyzes and compares TRUSTMARK NATIONAL BANK's employee health insurance and employee benefits with its industry and in Mississippi 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
TRUSTMARK NATIONAL BANK 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 TRUSTMARK NATIONAL BANK. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: TRUSTMARK NATIONAL BANK continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that TRUSTMARK NATIONAL BANK uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: By using a great coaching and mentoring program, TRUSTMARK NATIONAL BANK can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: TRUSTMARK NATIONAL BANK offers superb development resources to enable its employees to grow on a personal and a professional plan. With access to superb intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: TRUSTMARK NATIONAL BANK does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: TRUSTMARK NATIONAL BANK is always on the lookout for new leadership material and offers suitable development programs for its team members. With access to suitable resources, TRUSTMARK NATIONAL BANK ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why TRUSTMARK NATIONAL BANK offers an extraordinary Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: TRUSTMARK NATIONAL BANK knows that dedicated team members are hard to come by so it has an extraordinary Recognition program for those who stand out and continually contribute to TRUSTMARK NATIONAL BANK.
- TUITION REIMBURSEMENT: TRUSTMARK NATIONAL BANK has a remarkable Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at TRUSTMARK NATIONAL BANK.
Benefit | TRUSTMARK NATIONAL BANK | Industry | Mississippi |
|---|---|---|---|
| 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
TRUSTMARK NATIONAL BANK 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 TRUSTMARK NATIONAL BANK's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: TRUSTMARK NATIONAL BANK is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why TRUSTMARK NATIONAL BANK implemented a solid 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 solid counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: TRUSTMARK NATIONAL BANK cares about its team members' dental health so it offers an excellent dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: TRUSTMARK NATIONAL BANK offers a suitable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: TRUSTMARK NATIONAL BANK offers its team members superior 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. TRUSTMARK NATIONAL BANK provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: TRUSTMARK NATIONAL BANK has a superior healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: TRUSTMARK NATIONAL BANK offers an excellent maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: TRUSTMARK NATIONAL BANK does not offer telehealth.
- VISION PLAN: TRUSTMARK NATIONAL BANK has an exceptional 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 | TRUSTMARK NATIONAL BANK | Industry | Mississippi |
|---|---|---|---|
| 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
TRUSTMARK NATIONAL BANK offers remarkable financial benefits for employees and their family members. A remarkable 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: TRUSTMARK NATIONAL BANK has an excellent 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, TRUSTMARK NATIONAL BANK offers an excellent program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, TRUSTMARK NATIONAL BANK offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: TRUSTMARK NATIONAL BANK has an excellent Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: TRUSTMARK NATIONAL BANK has an extraordinary 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: TRUSTMARK NATIONAL BANK offers a suitable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: TRUSTMARK NATIONAL BANK acknowledges the fact that some team members have high commuting costs so it offers them remarkable commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: TRUSTMARK NATIONAL BANK offers a remarkable daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: TRUSTMARK NATIONAL BANK has a good disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a good coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: TRUSTMARK NATIONAL BANK offers an exceptional life insurance program. It is one of the best in the country and offers free life insurance for team members. The policy pays up to three years worth of salary to beneficiaries. This exceptional life insurance package contains dependent policies as well.
- PAID TIME OFF: TRUSTMARK NATIONAL BANK realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why TRUSTMARK NATIONAL BANK has a first-class vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: TRUSTMARK NATIONAL BANK believes that outstanding volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why TRUSTMARK NATIONAL BANK offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: TRUSTMARK NATIONAL BANK has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | TRUSTMARK NATIONAL BANK | Industry | Mississippi |
|---|---|---|---|
| 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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