Benefits and Services

Benefits Highlights for Prospective Employees [PDF]

Your Health and Wellness

• Medical, Dental and Vision insurance choices include coverage for family and domestic partners
• Flexible spending accounts for health care and dependent care expenses
• Short-term and long-term disability benefits
• On-site 24-hour fitness center
• Annual Wellness Fair
• Employee Assistance Program

Your Financial Future and Peace of Mind

• 401(k) Plan with 80% matching on first 6% of contributions during the first five years of service (100% matching on first 6% of contributions after five years of service), plus immediate eligibility and 100% vesting after five years. Contribution options include pre-tax, after-tax, and Roth 401(k).
• Retirement plan with vesting after five years of employment
• Employer-paid life insurance
• Voluntary benefits including life, personal accident, long-term care and legal insurance coverage
• Option to contribute to qualified college savings plans through payroll deduction
• Employer-paid financial planning assistance

Your Professional and Personal Growth

• Tuition reimbursement for graduate and undergraduate studies
• Professional development learning opportunities
• Career counseling services
• On-site Toastmasters chapter
• Annual Employee Development Month

Your Personal Time Off

• Paid holidays
• Annual vacation allowance
• Annual allowance for paid absence
• Vacation-buying option available in first full calendar year of employment

Your Convenience

• Flexible work schedules available for some positions
• Discounted employee cafeteria and restaurant
• Free on-site parking for employees working late afternoons, nights and weekends
• Subsidized pre-tax transportation benefit program for public transportation and van pool
• Pre-tax benefit program for parking fees
• On-site convenience store selling snacks, beverages, greeting cards, and more
• Casual dress environment
• Certified Massage Therapist on-site every other Thursday
  

Your Social and Volunteer Opportunities

• Federal Reserve Club—an employee organization sponsoring a golf club, special sporting and cultural event outings, discount tickets to area events and attractions, and discounts at community businesses
• Federal Employee Action Team (FEAT)—employee volunteer organization

This benefit summary is current as of June 1, 2008—benefits are subject to change at any time.

This summary is intended to provide a brief overview of the benefits offered by the Federal Reserve Bank of Minneapolis.

The Federal Reserve Bank of Minneapolis is committed to equal opportunity for employees and job applicants alike, and to an environment where employees can work effectively with and value other employees for their differences.