By offering retirement plans, financial safeguards and discounts, we'll help you prepare for your future and gain peace of mind.
401(k) Savings Plan
With our U.S. Bank 401(k) Savings Plan, you decide how to save and invest. You can make before-tax and Roth after-tax contributions from your pay into the investments you select. The plan also features immediate vesting and an employer match of 100% of your contributions up to 4% of your eligible pay for eligible participants after you complete one year of service.
Cash balance plan
We're among the increasingly rare companies that offer both a 401(k) and a cash balance pension plan. Funded completely by U.S. Bank, your account grows over time with pay credits based on your age, years of service and pay level, as well as an annual interest credit. You're 100% vested in your cash balance account after three years of service.
Protection plans
Illness and injury can happen any time. That's why we offer employees who work at least 20 hours per week an additional layer of protection though our voluntary Hospital Indemnity, Critical Illness Protection and Accident Protection plans. If you or a covered family member are hospitalized, diagnosed with a qualifying illness or experience a qualifying accidental injury, you receive a lump sum payment to use how you wish.
Life and accident insurance
If you're an employee who works at least 20 hours per week, we cover you with company-paid term life insurance equal to your annual pay. You also may buy additional term life insurance for yourself and your dependents. In addition, you'll receive company-paid business travel accidental death and dismemberment insurance, and the option to purchase additional coverage.
Disability insurance
After a seven-day waiting period, our short-term disability program provides 100% pay replacement for up to 12 weeks (and 60% pay for up to another 13 weeks if needed) for approved leaves if you're unable to work due to illness or injury. Our long-term disability plan for employees who work at least 20 hours per week replaces either 50% or 60% of your pay and we provide a subsidy equal to the cost of the 50% coverage level.
Commuter plans and parking
With our Transit Plan, you can order transit and vanpool vouchers online or participate in Metropass in the Twin Cities and have the cost deducted from your pay with before-tax dollars. U.S. Bank will subsidize $35 of your transit order or Metropass cost each month. And with our Parking Flexible Spending Account, you can use before-tax dollars to pay for work-related parking expenses.
U.S. Bank products and services
At U.S. Bank, we empower our employees with products and services that help them along their financial journey. Employees can discover exclusive discounts, from checking accounts to credit products, as well as explore resources to take charge of their financial wellness. Additionally, through the U.S. Bank discount program, employees can save more with exclusive offers from merchants, including travel, electronics, education and more.
Get a benefits overview
See highlights of our comprehensive employee benfit program.
We understand that as a student, you have unique needs as you start your career. Our student programs set you up for success by giving you the resources and personal support you need to thrive. Get a benefits overviewSee highlights of our comprehensive employee benefit program.
