In addition to unique career opportunities, ColeTaylorBank provides employees with comprehensive insurance and retirement benefits that suit your personal and family needs.

Flexible Benefits Plan

• Eligibility: All employees who work a minimum of 20 hours per week are eligible for benefits.
  
• Benefit: ColeTaylorBank provides each employee with flex dollars to purchase the benefits they select. Coverage for all health and welfare flexible benefit plans begins after 30 days of employment.
  
• Flexible Spending Accounts: ColeTaylor offers health care, dependent care, transportation and parking spending accounts which allow you to set aside a portion of your pre-tax income to reimburse yourself for eligible expenses.
  
• Click to view our benefit choices Booklet.
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• Medical: ColeTaylorBank provides an excellent medical benefits program that includes PPO and HMO options through Blue Cross/Blue Shield. Coverage varies and is extensive.
  
• Dental: Excellent dental insurance coverage includes PPO and DMO options. These options provide coverage for preventive dental maintenance.
  
• Vision Care: Vision care coverage is provided and includes in-network and out-of-network benefits

Group Life Insurance

• Basic Life Insurance, Accidental Death and Dismemberment Insurance: Various coverage options are available for all policies.
  
• Dependent Life Insurance: This insurance can be purchased for an eligible spouse and for each eligible child more than six months old.

Disability Insurance
ColeTaylorBank provides both short-term and long-term disability. Disability ensures that you receive a percentage of your salary if you become disabled.

Retirement Plans

Cole Taylor Bank offers a 401(k) plan as well as a Profit Sharing and Employee Stock Ownership Plan (PS/ESOP). In order to participate in both plans, an employee must be at least 18 years of age and have completed 30 days of service (as the Plan documents define). Note: Temporary employees are not eligible for retirement plans.

• 401(k): Employees can contribute up to 75% of eligible compensation into the plan. The company provides a 401(k) match equal to 100% for the first 1% of compensation contributed (i.e. Match level 1) and 50% for the next 5% contributed (i.e. Match level 2). The first level of matching is 100% vested and the second level of matching has a vesting schedule of 20% each year an employee receives vesting (i.e. when an employee completes a minimum of 1,000 hours). Plan participation begins after completing 30 days of service. Catch up contributions are available to participants age 50 or more.
  
  
• Profit Sharing and Employee Stock Option Plan (ESOP): An annual discretionary company contribution may be made to the Profit Sharing and ESOP Plan. The contribution can be in cash, company stock or a combination of both. In order to receive the PS/ESOP annual contribution, an employee has to be an "Active" employee as of December 31st and have completed a minimum of 1,000 hours for that year. Plan participation begins after completing 30 days of service. Participants earn 20% vesting each year they complete a minimum of 1,000 hours.