Sovereign Bancorp Employee Benefits and Perks | Glassdoor

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Sovereign Bancorp Benefits

6 Ratings

Employee Benefit Reviews

Showing 1–10 of 6 comments

Most Commented

  • Oct 19, 2015
    StarStarStarStarStar Former Customer Service Representative I in Colonia, New Jersey

    Employees earn company stock with years of service. # of days off increases with longer service. Great medical benefits available for a bit extra (choose Aetna HMO).

  • Aug 05, 2015
    StarStarStarStarStar Former Assistant Branch Manager in Brooklyn, New York State

    Vacation and time off is rolled into "Paid Time Off" and in the position of assistant branch manager, there is ample vacation time which I certainly took advantage of.

  • May 23, 2015
    StarStarStarStarStar Former Vice President in Boston, Massachusetts

    The overall package was very good. It provided a lot of coverage for a variety of scenarios, and offered career development opportunities. Much of these benefits were reduced or cut when the Bank was acquired by Santander.

  • May 18, 2015
    StarStarStarStarStar Former Employee in Worcester, Massachusetts

    benefits you find working in a bank

  • Apr 20, 2015
    StarStarStarStarStar Former Employee in New York, New York State

    Best 401k match. Worst: PTO

  • Sep 12, 2014
    StarStarStarStarStar Former Employee in Boston, Massachusetts

    Benefits were at par with industry. Below average pay. Bonuses were very political. time-off, work/life ok. Training minimal - sink or swim.

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 (5)
  • 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 (5)
  • Retirement Plan
  • Employee Stock Purchase Plan
  • Performance Bonus
  • Stock Options
  • Equity Incentive Plan
  • Supplemental Workers' Compensation
  • Charitable Gift Matching

Family & Parenting

  • Maternity & Paternity Leave
  • 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

  • Vacation & Paid Time Off
  • Sick Days
  • Paid Holidays
  • Volunteer Time Off
  • Sabbatical
  • Bereavement Leave

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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