PRACTICE IN ACTION
Embrace fiscal health on every level
Your financial wellbeing is paramount to Bank Iowa. We want to give you the tools you need to be successful at work and home.
401(k) retirement savings plan
Qualified employees are eligible to defer income into the 401(k) plan immediately upon hire with the company 401(k) match–team members are automatically enrolled at 3 percent of the team member’s salary. Qualified employees are also eligible to participate in the bank’s profit-sharing program.
A discretionary profit-sharing contribution may be made to the retirement plan by Bank Iowa at the discretion of the holding company board.
All qualified employees can designate pre-tax funds from their salary to go into their flex spending account to pay for dependent care or certain medical expenses. Flex credits may be allocated to flexible spending accounts.
Team member referral bonus
Bank Iowa will provide a referral bonus of $500 for the successful referral of a new team member.
Education expense reimbursement
Bank Iowa will reimburse eligible pre-approved team members for 50 percent of their tuition or meeting costs upon successful completion of their program.