Employee Compensation and Benefits
In addition to competitive base salaries and incentive opportunities, Home Federal Bank offers comprehensive and competitive benefits to both full-time and part-time employees. We believe in a total compensation approach which includes base pay, variable pay, 401(k) retirement, Employee Stock Ownership Plan, and an array of bank financial products and services.
Home Federal Bank seeks to be an employer of choice by offering a comprehensive and competitive benefits program. A selection of Bank-provided basic benefit plans offer a "safety net" against the financial impact of catastrophic life events. Our optional benefit programs are designed to allow each employee the flexibility to create a personal benefits package that meets his or her individual or family needs.
The following summary offers an overview of benefit programs available to Home Federal Bank employees.
| Health Insurance | Medical insurance is offered through a Regence Blue Shield of Idaho PPO (Preferred Provider Organization) plan. Home Federal offers employees a choice between two separate types of health care plans. The first is a Consumer Directed Health Plan (CDHP) combined with an employer-funded Health Savings Account, and the second is a traditional or "Classic" medical plan. |
| Health Savings Account | A Health Savings Account (HSA) is provided for each employee who selects the CDHP insurance option. The combination of the CDHP and HSA accounts can help control premium increases, provide tax advantages, give employees more choice and control over their health-care spending, earn interest income on unused portions, and provide opportunities for tax-deferred investments. Each payroll period that an employee is enrolled in the HSA option of the Regence Blue Shield medical insurance, Home Federal Bank and the employee (optional) contributes to the employee's HSA account for their use toward eligible healthcare expenses. |
| Flex Spending /Dependent Care Account | Home Federal Bank offers employees the option to pay for out-of-pocket healthcare or dependent care expenses with pre-tax dollars through a Flexible Spending Account. |
| Vision Insurance | Vision insurance is offered for both employees and dependents through VSP, one of the largest vision insurers in the State of Idaho. |
| Dental Insurance | Dental insurance is available to employees and dependents through Delta Dental of Idaho. This plan features orthodontia coverage for dependent children and rollover of unused benefits to apply toward following years' annual maximum coverage amounts. |
| Employee Stock Ownership Plan | An opportunity worth bragging about -- Ownership in the company you work for. Full - and part-time employees enter the plan the first entry date following just one hour of service. Through this plan, the Bank allocates Home Federal Bank stock to each employee's ESOP account at the end of each fiscal year of eligibility based on their annual salary earnings. |
| 401(k) Retirement Plan | Home Federal Bank offers a tax-deferred retirement plan through a 401(k) with 50% employer matching and a 3-year vesting period. |
| Disability Insurance | Short-term and Long-term disability insurance is provided and paid in full by Home Federal Bank for all employees (except temporary and peak-time). This benefit pays you up to 60% of your salary dollars while out on disability. |
| Life Insurance | Group life insurance is provided and paid in full by Home Federal Bank for both full- and part-time employees. This policy also includes an Accidental Death and Dismemberment plan, and dependent Life Insurance is also provided and paid for by Home Federal for spouses and dependent children. |
| Supplemental Life Insurance | Supplemental term life insurance is available as an option for employees and their spouses and children. |
| "Work-Life Balance" Employee Assistance | Home Federal Bank provides and pays in full for this confidential and voluntary counseling assistance for employees and their dependents. On-line access to resources and instant 24/7 phone consultation and optional follow-up counseling is available. |
| Paid Holidays | Home Federal Bank provides paid Holidays to full- and part-time employees based on the number of hours worked per day or week. |
| Paid Time Off Plan | A generous Paid Time Off (PTO) plan provides full- and part-time employees with paid time away from work that can be used for vacation, personal time, personal illness, or time off to care for dependents. PTO is earned on a daily basis and credited to each employee's PTO account each week. The rate at which an employee accrues PTO is determined by their length of service, employment category, and the number of hours in the employee's standard work schedule. |
Additional Employee Programs:
- Incentive Compensation Plans
- T.I.P.S. (Top Ideas for Productivity & Savings)
- Discounted Financial Products & Services
- Recruiting Referral Bonuses
- Continuing Education Reimbursements
