Employee Benefits
At Merchants, we believe you should love where you work and get back as much as you put in. That's why we strive to provide comprehensive, progressive benefits to everyone, investing in our employees because they deserve the best. It's how we attract and retain the best candidates, and why we evaluate our benefits on an annual basis.
Employee Benefits Include
Health Plans and Insurance – Our health insurance plans provide several flexible options through widely accepted insurance networks. In addition, we also offer dental, vision, life insurance, short-term and long-term disability insurance, supplemental insurance coverage and much more.
Retirement – Merchants strives to educate each employee on the importance of saving for retirement early. We offer a 401(k) with an employer match and an Employee Stock Ownership Program (ESOP), which makes our employees joint owners in our company.
Paid Time Off (Vacation, etc.) – We understand the importance of work/life balance and offer vacation, holiday, float and sick time. Plus, employees can access our Emergency Leave Bank (ELB) during a time of personal emergency, which is funded through the donation of time from other Bank employees.
Success Sharing Plan/Bonus – When all of our employees succeed, we celebrate our success. Eligible employees can join our success sharing plan after six months of employment.
Employee Development and Career Advancement – Merchants provides education and development opportunities to all of its employees. Our Training and Development Department provides access to webinars, seminars, customer service, sales coaching and more. We are also proud offer our in-house leadership development program, the "I Believe Leadership Series," created to grow leaders within the Merchants organization. Graduates earn the I Believe Leadership Series badge, a credential verified by Winona State University. In addition, our annual review process provides a time for goal-setting and career path planning. We are committed to growing our people.
Wellness Plan – Our employees are reimbursed for eligible fitness and exercise-related expenses each year up to a certain dollar amount.
Banking Benefits – We offer special terms, rates and discounts on bank accounts, loans and other products to provide savings to our employees.
Community Involvement – Merchants values being a true community partner in each of the communities we serve. Because of this, we strongly encourage our employees to be active on local boards and volunteer for community organizations.
Tuition Reimbursement – As a benefit for our full-time employees, we reimburse those seeking higher education for credit, courses and/or books, based on their grades and according to program guidelines.
