Provident Bank Employee Benefits and Perks | Glassdoor

Provident Bank Benefits

Location: US
18 Ratings

Employer Summary

We offer competitive compensation and benefits including undergraduate tuition disbursement, tuition reimbursement for Master's Degree business programs, Student Loan Paydown Program, medical, dental, life, and disability insurance, paid-time-off, a 401(k) Plan, an Employee Stock Ownership Plan for full-time employees, and a wide array of benefits for part-time employees.

Employee Benefit Reviews

Showing 1–10 of 18 comments

Most Commented

  • Health Insurance  (4 comments)

    “if you are a part time employee the rates are way higher than if you were to be a full time employee.”

  • 401K Plan  (3 comments)

    “If you are younger than 21 years of age you will not be able to get access to begin your 401k. Which is funny due to the fact "banks look out...”

  • May 13, 2019
    StarStarStarStarStar Current Employee in Iselin, New Jersey

    The benefits are great and pretty extensive. There are multiple medical options that can fit your budget and a wellness credit that reduces your payroll deduction. Great paid time off, 401(k) with a match, an employee stock plan and they just started with a student loan paydown program.

  • Sep 08, 2019
    StarStarStarStarStar Current Employee in Dumont, New Jersey

    The worst thing about the benefits is that if you are younger than 21 years old you will not be able to get use of 401k. If you are part time the health benefits are insanely higher than if you work full time.

  • Apr 24, 2019
    StarStarStarStarStar Former Banking Associate in Phillipsburg, New Jersey

    The benefits are ok at provident bank. Nothing great to rave about. Pto is about the nest they have to offer

  • Jan 02, 2019
    StarStarStarStarStar Former Employee in Iselin, New Jersey

    Decent health insurance coverage - doesn’t cost an arm and a leg

  • Jul 05, 2018
    StarStarStarStarStar Current Banking Center Supervisor in Clark, New Jersey

    Not here nor there about the benefits package. When I need it, I use it. Not a bad benefits package at all.

  • Nov 15, 2017
    StarStarStarStarStar Former Employee in Philadelphia, Pennsylvania

    There were plenty of 401k benefits along with, great educational and personal development training

  • Jun 01, 2017
    StarStarStarStarStar Former Employee in Iselin, New Jersey

    Nice benefits package, many options and substantial amount provided.. Generous PTO time

  • Apr 24, 2017
    StarStarStarStarStar Current Employee in Morristown, New Jersey

    The benefits package isn't competitive. They only match 25% of your 6% contribution. The ESOP has a 5 year cliff vesting, and the health insurance options have just progressively declined.

  • Apr 09, 2017
    StarStarStarStarStar Current Bank Teller in Newark, New Jersey

    If you're part time you will pay double for health insurance compering with full time

  • Jun 21, 2016
    StarStarStarStarStar Current Employee in Iselin, New Jersey

    I cannot think of anything bad

Benefits Summary

List based on reports from current and former employees. It may not be complete.

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Insurance, Health & Wellness

  • CheckmarkHealth Insurance (16)
  • Dental Insurance
  • Flexible Spending Account (FSA)
  • Vision Insurance
  • Health Savings Account (HSA)
  • Life Insurance
  • Supplemental Life Insurance
  • Disability Insurance
  • Occupational Accident Insurance
  • Health Care On-Site
  • Mental Health Care
  • Retiree Health & Medical
  • Accidental Death & Dismemberment Insurance

Financial & Retirement

  • Pension Plan
  • Checkmark401K Plan (16)
  • CheckmarkRetirement Plan (12)
  • Employee Stock Purchase Plan
  • Performance Bonus
  • Stock Options
  • Equity Incentive Plan
  • Supplemental Workers' Compensation
  • Charitable Gift Matching

Family & Parenting

  • CheckmarkMaternity & Paternity Leave (12)
  • 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

Perks & Discounts

  • Employee Discount
  • Free Lunch or Snacks
  • Employee Assistance Program
  • 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
  • Professional Development
  • Apprenticeship Program
  • Tuition Assistance

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