Cal National Bank

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Benefits

We at California National Bank are pleased to offer you a comprehensive benefit program that provides an important degree of financial and personal security for you, your dependents and your beneficiaries.

Medical

We offer 1 HMO and 2 PPO options, both PPO options offer coverage for out-of-network providers. The bank pays the majority of the premium for medical coverage. Depending on which option you choose, you could obtain coverage for your family for less than $34 per biweekly paycheck.

Dental

We offer 2 managed care networks, plus the freedom to see out-of-network providers. General and preventative services are covered at 100% of reduced fees and basic services coverage will be 80% of reduced fees. The dental plan pays up to $1,500 per person per calendar year. The orthodontia benefit pays 50% of reduced fees up to a lifetime maximum of $1,000. Individual coverage is just under $5 per paycheck and family coverage is just under $17 per paycheck.

Vision Care

We offer vision coverage through a network of providers. Exams and basic lenses are covered 100% when using in-network providers. Frames are covered 100% up to a $115 allowance. Contact lenses are covered up to $125 for materials and related services. Co-payment responsibilities are $10 for exams and $25 for materials. The bank pays the entire premium for individual vision coverage. Coverage for your family is just under $2 per biweekly paycheck.

Domestic Partner Coverage

Same-sex domestic partners or opposite sex domestic partners over age 62, who meet the eligibility criteria under title 11 of the Social Security Act are eligible to enroll in Kaiser, Dental and Vision coverage provided they submit a copy of the State of California domestic partner registration to their local HR department.

Part-time Health Benefits

Part-time employees regularly scheduled to work 30 hours or more per week may participate in Kaiser HMO, Dental and Vision coverage for themselves and eligible dependents on a cost shared-basis.

401(k)

If you are 21 years of age or older, you are eligible to participate in the 401(k) plan immediately. You may contribute 1% or more (up to the legal allowable limits) of your eligible compensation, subject to certain limitations. The bank may match up to 3.5% of your eligible compensation contributed to the plan (depending on your contribution rate.) You are fully vested in the company matching after two years of service.

Life Insurance Benefits

We offer full time employees group term for two times your annual base salary plus $15,000 (maximum of $600,000) and an equal amount under the accidental death and dismemberment plan. These plans are provided by the bank at no cost to you.

Long Term Disability

Full time employees are eligible for coverage up to 60% of monthly base salary up to the maximum monthly benefit of $10,000 (up to $15,000 for VP’s) is provided if you are disabled for more than 90 days. This plan is provided by the bank at no cost to you.

Time Off Benefit

You will accrue on a pro-rata basis of 1/12 per month. The accrual begins during the first month of employment. There is a 3-month waiting period prior to being able to use accrued vacation time. Regular Full-Time vacation accrual starts at 2 weeks per year and increases with years of service. Non-officer employees also receive one additional personal day.

The Bank also provides 10 paid holidays per year.

Community Service

Regular Full and Part Time non-exempt employees are eligible for up to 4 hours of paid time off each month to participate and support community organizations. Community Reinvestment Act (CRA) service credit includes Operation Hope, Junior Achievement, etc. For community organizations which do not qualify for CRA credit, up to 2 hours of paid time off each month is allowed provided the employee must donates their own time in an amount that at least equals the number of paid time-off hours.

Sick Leave/STD

Full time employees are eligible to earn up to six (6) sick days per year however, during the 3 month introduction period you are not eligible to receive paid time. You are allowed to accumulate a maximum of 30 sick days for use against future illnesses. The short-term disability payment schedule is dependent upon years of service, which determines the numbers of weeks paid at full pay and the number of weeks paid at half pay for illnesses less than 90 days. This plan is provided by the bank at no cost to you.

Part time employees are eligible to earn up to three (3) sick days per year however, during the 3-month introductory period, you are not eligible to receive paid time. You are allowed to accumulate a maximum of 15 sick days for use against future illnesses.

Employee Assistance Program (EAP)

We offer voluntary confidential access to a network of support services if you are experiencing serious issues affecting health, job, personal relationships and quality of life. This plan is provided by the bank at no cost to you.

Flexible Spending Account

We offer full time employees 2 options. Health Care Reimbursement Accounts are designed to help you pay for health expenses that are not 100% covered, or ineligible for payment, under your health plan. You may deposit up to $5,000 per year in pre-tax dollars. Dependent Care Reimbursement Accounts are designed to pay for child care services that make it possible for you and your spouse (if applicable) to work. It may also be used to help pay for the care of a disabled spouse or dependent. You may deposit up to $5,000 per year in pre-tax dollars ($2,500 per year if you are married and you and your spouse file separate tax returns).

Tuition Reimbursement

California National Bank believes strongly in the value of education and the importance of continuous learning. We are proud to offer Tuition Reimbursement to our full time employees for both undergraduate and graduate courses (including books and tuition), provided that the course relates to skills required for your current job.

All Tuition Reimbursement is subject to a repayment obligation and reimbursement is paid only upon successful completion of the course(s), with a grade of "C" or better.

Employee Referral Program -- Referral Awards

Here at California National Bank, we believe great employees know other great people! As a result, all employees are encouraged to refer qualified friends and acquaintances for consideration for employment. If an employee refers an individual and that individual is hired, it is the policy of the bank to pay $500 for a part time referral, $1000 for a full time referral and $2,000 for a lending officer referral. The referring employee will receive a portion of the referral on the first scheduled payday following the new individual's hire date and the remaining balance on the first scheduled payday after 6 months of employment.

If a Vice President or above refers an individual for employment and that individual is hired, the Bank will make a donation of $500, $1000 or $2,000 on their behalf.

Expressions of Interest – Internal Posting Program

California National Bank strongly encourages our employees to grow and develop. To this purpose, we maintain a strong internal posting program and support employees to apply. Allowing our people to identify new challenges and aspire to new goals helps us retain our employees and allow for their professional development. To apply for promotions or transfers, employees must be in good standing and have been in their current position for at least six months. Promotions and transfers will be based on the ability, qualifications and potential of the candidates for the positions.

Other Benefits

In addition to all these benefits, we also offer paid Jury Duty Leave (up to 10 days), time off for Bereavement, FMLA/CFRA Leave and many free banking services (see Employee Banking Services).