Home State Bank offers a comprehensive and competitive benefit plan to its associates which includes company contributions to medical, dental, disability, life and AD&D insurances.
Aware of the growing expenses when caring for a family and a future, the Bank also provides access to pre-tax health and dependent care savings as well as a 401k plan for investments.
Readily acknowledging the need for employees’ time away from their careers, the Bank offers paid vacation, personal and Paid Leave for All Workers (PLAW).
Please take a moment to review the information offered. Any questions regarding the benefits provided by Home State Bank to its employees may always be directed to the Human Resources Department.
Home State Medical Benefits
- Available to all regular full-time associates the first of the month following hire.
- Blue Cross Blue Shield of IL Medical PPO & HMO plans.
- Bank pays significant portion of premium costs.
- Pre-tax healthcare and dependent care flexible spending savings accounts available through WageWorks.
- AFLAC optional coverage offered at employees’ expense through payroll deduction (Cancer, Hospital, Accident and Supplemental Short-Term Disability).
- Flu shots provided for associates, paid for by bank for those without coverage.
Home State Dental Benefits
- Available to all regular full-time associates available the first of the month following hire.
- BCBS Insurance Dental PPO plan.
- Bank pays significant portion of premium costs.
Home State Vision Benefits
- Available to all regular full-time associates available the first of the month following hire.
- Dearborn Insurance Vision Plan - through Eyemed under Select plan.
- Bank pays significant portion of premium costs.
Home State Insurance Benefits
- Bank paid Life and AD&D insurances for all regular full-time employees ($50,000 each plan) starting the first of the month following hire. Officers are eligible for $75,000 in bank paid life and AD&D coverage.
- Additional voluntary insurance coverage available at the expense of the employee (employee, spouse, child).
Home State Disability Insurance
- Long-Term and Short-Term disability pay for all regular full-time employees after one year of employment.
- Compensated at one week per year of service up to twelve weeks maximum for short term disability.
- For Long-Term disability coverage of 60% of base salary beginning after the 26th week of disability.
Home State Time Off Benefits
- Bank paid holidays (New Year’s Day, Martin Luther King, Jr., President’s Day, Memorial Day, Juneteenth, 4th of July, Labor Day, Columbus Day, Veteran's Day, Thanksgiving Day, Christmas Day) for full-time associates
- Additional personal day to be chosen individually by full-time associates.
- Paid 2 weeks' vacation, increasing to 3 weeks after 5 years of service and 4 weeks after 15 years (pro-rated 1st year) for full-time associates. Officer level receives 3 weeks of vacation (pro-rated 1st year) and Vice President's 4 weeks of vacation (pro-rated 1st year).
- Paid Leave for All Workers pay of one week for all full-time associates. For part-time associates 8 days of pay based on regularly scheduled work week. Unused Paid Leave for All Workers has the ability to roll one-week of unused time into Sick Bank (max allowed in sick bank 1 week).
Home State Investment Benefits
- Bank contributions to 401K plan based on profitability through Pentegra/Empower.
- Optional employee funded Traditional or Roth 401k plans.
- Participation upon 90 days of service and 21 years old.
- Auto enrollment at 3% if employee doesn't opt out of plan within the first 90 days.
Home State Bonus Benefits
- Referral Bonus of $500 for recommending individuals for employment with the Bank. Associate must be hired and still employed with the Bank after 6 months.
- Officers are excluded from the above bonus benefits.
Home State Banking Benefits
- One free checking account with personalized checks. No minimum balance on account. Five foreign ATM surcharge rebates and five HSB foreign ATM fee waivers and two overdraft fees rebated each year on associate checking.
- One 3x5 Safety Deposit Box at no cost after 6 months (key deposit of $25 that is refunded after returning the key).
- Cashier’s checks and personal money orders at no cost.
Home State Education Benefits
- Tuition reimbursement for career related courses for eligible full-time associates - books included
- Online training classes to keep associates current in their positions
Home State EAP Benefits
- Provided to all full-time associates and their immediate families within employee household (up to 5 sessions).
- Free of cost counseling for a variety of life problems.
Home State Social Benefits
- All Associate Dinner for annual meeting and employee recognition for service.
- Holiday Party at Boulder Ridge Country Club for associates and a guest.
- Bank pays for all associates that would like to participate in the 5K Run for the Raue in Crystal Lake.
- Halloween costume contest - individual and department prizes.
- Each associate is invited to lunch with the President once per year.
- Ability to participate in the parades with your family.
- Sports Days to support local teams in the championship finals.
- Monthly bagel visits with the President to promote open communication.
- Food days such as Ice Cream Social or Chilli cookoff events.