In addition to unique career opportunities, Cole Taylor Bank 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
  Coverage for all health and welfare flexible benefit plans begins after 30 days of employment.
  
• Flexible Spending Accounts
  Cole Taylor 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
  Cole Taylor Bank 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 DHMO 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

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 children.

Disability Insurance
Cole Taylor Bank 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) and Profit Sharing Plan. 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 4% of compensation contributed. Employees are always 100% vested in their own contibution. Employees are 100% vested in employer match after two years of service (i.e. when an employee works a minimum of 1,000 hours in that year). 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 cash company contribution may be made to the Profit Sharing Plan. In order to receive the PS 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.