Benefits

 

EBSB and MWB full and part-time (20+ hours) employees can take advantage of the following benefits:

 

Health Insurance*

Blue Cross Blue Shield plan

Blue Dental*

Blue Cross Blue Shield

*The Bank offers domestic partner benefits for both Medical and Dental insurance.

VSP Vision Care

An affordable eye care plan

Flexible Spending Account (FSA)/Dependent Care Reimbursement

Allows you to withhold pre-tax dollars from your paycheck to pay for qualified, non-reimbursable health related and dependent care expenses.

Healthcare Reimbursement Account (HRA)

Fully funded.
 

Transit and Parking Plans

Set aside funds on a pre-tax basis to cover certain transit or parking expenses.

Employee Assistance Plan

Solve concerns through the use of Masters level counselors. Completely confidential-they handle both work and personal life related concerns.

Wellness Program

Run by Blue Cross Blue Shield-they offer advice and seminars on your well being. Free to employees

Earn Your Degree

East Boston Savings Bank offers up-front tuition assistance, according to the terms of the tuition assistance plan.

Retirement Savings

401(k) matching $0.50 per $1.00 on your deferral of up to six percent of your pay. Employees enjoy the excellent 401(k) plan which includes: employee contributions up to 75 percent of their pay, the Bank's match and an additional bank contribution equal to 3% of your pay. All of these contributions are immediately vested and offered according to the terms of the plan documents.

Employee Stock Ownership Plan (ESOP)

Qualified retirement plan making employee-participants owners of their company’s stock.

Group term life insurance

Equal to three times your annual salary paid for entirely by the Bank (FT only)

Incentive Bonus Plan

Incentive Bonus Plan paid annually at the discretion of the Board, based on overall profitability, job grade and individual performance.