Employee Benefits for US employees

In today's competitive market, employees must look to benefits packages to differentiate potential employers. While many companies may offer insurance plans and 401(k) matches, Metavante Lending Solutions is proud to offer both of theseand more—in one industry-leading package that is available to full– and part-time employees who work more than 20 hours a week. Below is a summary of the benefits that are offered to eligible employees.

Employee 401(k) and Employer Matching Contributions

You're eligible to participate in the 401(k) portion of our retirement program, and contribute up to 50% of your total annual compensation to the plan, upon hire. After you reach your one–year anniversary, M&I may match up to 50% of your 401(k) contributions, up to 6% of your compensation. Both your employee 401(k) contributions and the employer-matching contribution are immediately 100% vested.

Employee Stock Purchase Plan

Employees on staff as of April 30, who work at least 20 hours per week, are eligible to participate in the Employee Stock Purchase Plan (ESPP) for the upcoming offering period. The offering period runs from July 1 through June 30 of the following year. Shares of M&I common stock are purchased at a 15% employee discount for participants based on the stock's price at the beginning or ending date of the offering period, whichever is lower.

M&I Medical and Dental Coverage

If you're hired as a full-time or part-time employee who works at least 20 hours per week, you're eligible to enroll in medical and dental coverage through M&I. The health and dental plans provide comprehensive coverage for you and your family, and M&I makes generous contributions toward the cost of coverage. Through the M&I Health Program, you may select the M&I Health Plan-Preferred Provider Organization (PPO), or choose one of the regional Health Maintenance Organization (HMO) coverage options, if available at your location. The M&I Dental Plan is offered nationally through Delta Dental.

Employer-Paid Life Insurance

If you're hired as a full-time or part-time employee who works at least 20 hours per week, you're eligible for M&I's employer-paid group life insurance coverage. M&I provides term insurance coverage equal to 2.5 times your total annual compensation for all eligible employees under age 60 (coverage is adjusted for employees older than age 60). Additional life insurance coverage may also be purchased through M&I.

Tuition Reimbursement

If you're interested in continuing your education, you can take advantage of the tuition reimbursement program after six months of service. Full-time employees are eligible to be reimbursed up to $5,250 per year for graduate-level courses and up to $4,000 per year for undergraduate-level courses. Part-time employees working at least 20 hours per week are eligible to be reimbursed up to $2,500 per year for undergraduate-level courses. The amount of reimbursement is based on tuition costs at local universities. If you receive a grade of an "A" or "B," you'll be reimbursed 100% of the cost of the course up to the maximum amount allowed. A grade of a "C" is reimbursed at 75%.

Continuing Education

Metavante offers outstanding opportunities for additional in-house training through our own Education & Development department. Other opportunities exist to expand your financial services knowledge through the Center for Financial Training.

Flexible Spending Accounts

The M&I Flexible Spending Account (FSA) provides you with an easy and tax-effective way to pay for out-of-pocket healthcare and dependent care expenses. An FSA allows you to pay for qualifying medical and dependent care expenses with pre-tax dollars, which decreases your taxable income. On average, we find employees can save between 25% and 40% in taxes on contributions made to their FSAs.

Wellness Program

The M&I Wellness Program is a company paid benefit that helps supplement the cost of health and physical fitness programs that employees may be enrolled in. All full-time and part-time, benefits eligible employees can utilize this benefit. The reimbursement amount is 50%, up to a maximum of $250 each year. Employees can apply for reimbursement once per year based on the total eligible expenses for the year, or they can apply for reimbursement up to three times per year for multiple programs/expenses.

Other M&I Benefits

Metavante also offers employees other valuable benefits, such as short-term and long-term disability programs, paid vacations, service awards, an Employee Assistance Program (EAP), and many other benefits.

Paid Time Off - The Company provides paid vacation, holiday, and sick time for eligible employees.

Employee Referral Program - The Company offers incentive compensation to employees who refer candidates that are hired by Metavante Lending Solutions.