At Allegiance Bank, our success flows from our values, and we value our employees. We sponsor a comprehensive benefits program to attract, engage and retain great people. We are proud to offer our employees a best-in-class Total Rewards Program.
Three (3) Medical Plan Options are available upon first date of hire that provide a choice of benefit coverage options and free in-network preventive care:
• High Deductible Health Plan (HDHP)
• Base PPO
• Buy-Up PPO
Premium access to extended clinic hours, priority primary care appointments and nurse practitioners. To learn more about Houston Methodist Preferred Access for Allegiance Bank employees click here.
Virtual access to board-certified physicians for non-emergency treatment for employees and their covered dependents. Prescriptions can be sent to the employee’s pharmacy of choice.
Two dental plans (PDP or PDP plus) and one Vision Plan through MetLife are available upon first date of hire.
Health Advocate is the employee’s first stop for support on all benefits. Call one phone number to:
• Answer questions about your benefits and connect you with a specific benefit vendor
• Find in-network doctors and research treatment options
• Resolve claims and billing
Our Wellness Program identifies risks to well-being and promotes improvement throughout the year. Employees can complete a health risk assessment and biometric screening to receive a monthly financial incentive.
Allegiance Bank provides Basic Life and AD&D for eligible employees. Employees are eligible to purchase additional life insurance for themselves and their dependents.
Tax-deferred spending accounts are available for eligible out-of-pocket medical and dependent-care expenses.
Tax-free savings account funded by payroll deduction. Contribution limits for 2021 are: $3,600 for employee only and $7,200 for family. Funds are portable and carryover. A gift amount from Allegiance Bank is funded if you enroll in the HDHP.
Provides income protection that prevent employees from working due to disabilities, 100% paid for by Allegiance Bank.
Provides a lump-sum payment when an employee or their covered family member is diagnosed with a critical illness.
Accident Insurance complements medical insurance by helping to narrow gaps caused by out-of- pocket expenses resulting from accidental injuries.
Complements existing medical coverage and helps fill financial gaps caused by out-of-pocket expenses such as deductibles, co-payments, and non-covered medical services related to a hospital stay.
Bank holidays are paid for full- time and eligible part-time employees.
Employees receive between five and thirty (30) days of Paid Time Off (PTO), depending upon length of service.
Allegiance Bank believes in and encourages volunteering in our community. Volunteering connects us to others, promotes wellbeing, builds social capital, and brings fun and meaning to our lives.
Allegiance Bank offers a variety of company-sponsored events including:
• Annual Picnic
• Employee Appreciation Days
• Holiday Party
|Coverage Tiers||Gift Amount|
|All Other Tiers||$1,500|
Allegiance Bank believes in paying a Living Wage. We value the work that you do and express this appreciation through our Total Rewards. We pay well because our people are productive and bring value to our customers and community.
The Employee Assistance Program (EAP) provides confidential personal support on a wide range of issues for employees and their dependents including stress, life adjustments, and financial planning resources.
Provides credit monitoring services. Specialized Case Managers will assist in the event employees experience identity theft.
Plans are designed by veterinarians and give employee’s pet(s) superior protection at an unbeatable price.
Employees are eligible to participate on date of hire and can contribute pre-tax and/or after-tax contributions. Allegiance Bank matches 50% on the first 6% of employee contributions. Matching contributions vest with years of service – 50% (Year 2), 75% (Year 3) and 100% (Year 4).
Employees are automatically enrolled and are eligible to participate in the Allegiance Bank Profit Sharing Program if an active employee on December 31.
Employees are offered the opportunity to invest in Allegiance Bank stock through payroll deduction. Invest, Own & Grow.
Officers of Allegiance Bank are eligible to participate in an annual Cash Bonus & Stock Award plan. Amounts vary based on salary and officer level.
Allegiance Bank provides learning and development opportunities to help you unleash your talent and prepare you for your next step in your career. We align individual goals and performance with our overall vision, “The Allegiance Way.”
Employees are eligible to participate in the Tuition Reimbursement Program for eligible expenses.
Employees are eligible for free personal accounts, checks and numerous other banking services at low or no cost.
Employees are eligible to participate in tuition savings plans to help save for future education costs.