Commerce Bank Benefits
Employer Summary
At Commerce, we know monetary compensation is important to you. After all, we are a bank. But we haven’t thrived for 150 years by thinking it’s the only thing that’s important. That’s why we created a rewards program that gives you more than money.
Your health and wellness, financial security and work-life balance are important in helping us achieve our goals and ensure employee engagement and customer satisfaction. We know your needs are unique, and we strive to offer a competitive compensation program and an array of benefits that work best for you and your family.
We provide comprehensive health and welfare plans, using leading national administrators to provide networks and pay claims. For most benefits, coverage starts on the first of the month following 30 days of employment. Deductions are made on a pre-tax basis where allowed by current tax rules.
Our goal is to offer a competitive compensation program and a variety of benefits that work best for the unique needs of you and your family. Take a quick look at some of our benefits listed below. We think you’ll like what you see.
Employee Benefit Reviews
Most Commented
- Health Insurance (9 comments)
“About $35 for an individual, but a lot more for a family. Kinda expensive.”
- Vacation & Paid Time Off (5 comments)
“I think their time off plan was great! The only issue I ever had with it, was finding another employee to fill in while I was gone.”
- Commerce BankMar 10, 2019StarStarStarStarStar
The full-time benefits are significantly better than the part -time benefits, however, as a part-time employee and full-time student, the benefits offered to me were exceptional and far better than what a part-time employee could expect to get most elsewhere.
- Commerce BankJan 29, 2019StarStarStarStarStar
Commerce Bank offers great benefits, and is a solid bank. Some tension can arise between front end sales and underwriting. Incentive structure is designed to keep employees from earning too much
- Commerce BankAug 26, 2018StarStarStarStarStar
United Healthcare's coverage for hospitalization is excellent, but copays can be high. My $63,000 gall bladder surgery ended up costing me $2,000.
- Commerce BankAug 03, 2018StarStarStarStarStar
the benefits for a family are expenisve! 350$ per paycheck it was myself husband and one child.
- Commerce BankApr 07, 2018StarStarStarStarStar
Generous 401K match that gets better with length of employment. Good PTO and all the Federal Holidays, too.
- Commerce BankMar 25, 2018StarStarStarStarStar
Health insurance is okay for an individual, but expensive for a family. 401k is okay, but it increases with age.
- Commerce BankFeb 08, 2018StarStarStarStarStar
High medical premium, decent 401k matching program although you have to be there for a while to get the full match, cheap dental and eye
- Commerce BankAug 14, 2017StarStarStarStarStar
Pay is lower than industry average. Everything else is standard.
- Commerce BankJun 26, 2017StarStarStarStarStar
I forget what the program was called, but they had a program where you made healthy choices to earn points and after you got so many you could redeem them. We turned it into a friendly competition in my branch and had a lot of fun with it.
- Commerce BankMay 31, 2017StarStarStarStarStar
The health care is very expensive. They promise you a bonus package but don't tell you it's on achievable for the majority of employees
Benefits Summary
List based on reports from current and former employees. It may not be complete.
Insurance, Health & Wellness
- CheckmarkHealth Insurance (35)
- CheckmarkDental Insurance (10)
- CheckmarkFlexible Spending Account (FSA) (10)
- CheckmarkVision Insurance (10)
- Health Savings Account (HSA)
- CheckmarkLife Insurance (10)
- Supplemental Life Insurance
- CheckmarkDisability Insurance (9)
- Occupational Accident Insurance
- Health Care On-Site
- Mental Health Care
- Retiree Health & Medical
- Accidental Death & Dismemberment Insurance
Financial & Retirement
- Pension Plan
- Checkmark401K Plan (35)
- Retirement Plan
- Employee Stock Purchase Plan
- Performance Bonus
- Stock Options
- Equity Incentive Plan
- Supplemental Workers' Compensation
- Charitable Gift Matching
Family & Parenting
- CheckmarkMaternity & Paternity Leave (31)
- Work From Home
- Fertility Assistance
- Dependent Care
- Adoption Assistance
- Childcare
- Reduced or Flexible Hours
- Military Leave
- Family Medical Leave
- Unpaid Extended Leave
Vacation & Time Off
- CheckmarkVacation & Paid Time Off (34)
- CheckmarkSick Days (11)
- Paid Holidays
- Volunteer Time Off
- Sabbatical
- Bereavement Leave
Perks & Discounts
- CheckmarkEmployee Discount (26)
- Free Lunch or Snacks
- CheckmarkEmployee Assistance Program (10)
- Gym Membership
- Commuter Checks & Assistance
- Pet Friendly Workplace
- Mobile Phone Discount
- Company Car
- Company Social Events
- Travel Concierge
- Legal Assistance
Professional Support
- Diversity Program
- Job Training
- CheckmarkProfessional Development (9)
- Apprenticeship Program
- CheckmarkTuition Assistance (10)
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