Benefits
Benefits for Life’s Ebbs and Flows
Health Insurance
Your health and wellness matters! With a variety of options, you are certain to find coverage that fits your needs. Eligible employees have access to:
• Generous Traditional Health Insurance Plan, including: Flex Spending Account (FSA) & reduced monthly premiums when participating in our Wellness Program
• High Deductible Healthcare Plan (HDHP) including access to our valuable WaterStone Bank HSA product
• Virtual Access to Teladoc Medical Provider
• Dental Insurance
• Vision Insurance
Paid Time Off
Full Time Employees have a generous paid time off package that continues to grow throughout years of service and all employees can take advantage of our 8 paid holidays each year, including:
• New Year’s Day
• Martin Luther King Jr. Day
• Memorial Day
• Independence Day
• Labor Day
• Thanksgiving Day
• Christmas Eve (1/2 day)
• Christmas Day
Retirement Planning
We want you to feel prepared for your financial future! All our employees have immediate access to our 401k plan which includes:
• An employer match of your payroll contributions
• Rollovers from previous plans
• Control over your investment strategies
• Access to tools and resources to help you make informed decisions
• Free financial consultations
Eligible employees enrolled in our Employee Stock Option Plan (ESOP) will be gifted with shares of WSB stocks on an annual basis which will grow exponentially from year to year. The ESOP dramatically increases your retirement savings balance to help you save for the retirement you deserve!
Work-Life Balance
Having a healthy balance between your work life and your home life is essential to protecting your mental health and your physical health! We encourage our employees to have a healthy Work-Life Balance by offering:
• Flexible Work Schedules
• Hybrid Work Schedule (if applicable)
• Generous PTO
• Paid Holidays
• Access to On-Site Workout Facilities
• Discounts and Passes to area attractions
Well-Being Benefits
We offer a variety of opportunities and resources to foster all aspects of our employees’ well-being.
Physical Well-Being
• Access to 2 Exercise Facilities at no cost!
• Access to our Wellness Plan program
Mental Well-Being
• Flexible Work/Life Balance
• Access to various Mental Health Resources
• Employee Assistance Programs (EAP)
Social Well-Being
• We Care Employee Donation Match Program
• Volunteer opportunities to support local community organizations
• Access to area attractions and events
Professional Well-Being
• Tuition Reimbursement Program
• Leadership Training
• Job Shadow Program
Financial Well-Being
• Employer Paid Life & AD&D Insurance
• Employee Referral Program
• 2 Free Employee Checking & Savings Accounts
• Special employee perks on all our products and services
• Access to our Wealth Management Partner
Flexible Spending Account
Flexible spending accounts (FSAs) help you save money by being able to pay for out-of-pocket expenses pre-tax! Funds added to an FSA are conveniently deducted from your paycheck and can be accessed through multiple options, including a Debit Card!
FSA funds can be used toward:
• Medical Treatments
• Prescriptions
• Dental Work
• Vision Needs
• Childcare Expenses
• And More!
Disability Income Benefits
You should never have to choose between your health and your finances which is why WaterStone covers the cost for Short-Term and Long-Term Disability Income Benefits.
With these benefits, eligible employees may receive up to 60% of their income to help alleviate the financial burden while you focus on your health.
Supplemental Insurance
We understand that the unexpected can happen, which is why an employee can choose to enroll in supplemental products for added protection. These include:
• Life and AD&D Insurance
• Hospital Indemnity
• Critical Illness
• Accident Insurance
• Pet Insurance
These voluntary insurance benefits are available to employees who work at least 20 hours per week.
Identity Theft Protection
To help protect our employees from the distress that Identity Theft can cause, we partner with Identity Guard to offer participating employees additional protection and peace of mind.
When Identity Guard detects the use of someone’s personal information, the individual will be notified so they can stop the theft in its tracks. Our Identity Theft Protection Program also includes:
• Credit Monitoring
• Bank Account Opening Alerts
• Dark Web Monitoring
• Family Plans
• Dedicated Support
• Up to $1 Million to cover support and stolen funds
These voluntary insurance benefits are available to employees who work at least 20 hours per week.
Here’s What Our Employees Say
Dedication to the whole employee
“The leadership at WaterStone is devoted to the employees at all levels and the communities in which we serve. From the career development plans, to the amazing benefit package, and the company matching our donations to our favorite charities, their dedication is unmistakable.”
Employee stock options
“WaterStone Bank offers great benefits and work-life balance. My favorite benefits being the Employee Stock Option Program and free access to the Calm App and onsite workout facilities.”
Full-scale benefits
“The WaterStone Benefits are all encompassing. Beyond the ESOP, Medical, Dental and Vision insurance is the optional Accident insurance. Both of my daughters had to have reconstructive knee surgery in the same year. The money I received back from those procedures via the accident insurance made the load so much lighter for us as a family in an emotionally trying time.”
It’s great to work at WaterStone!
We offer a competitive benefits package, career growth opportunities, and health and wellness programs that take a holistic approach to improving our employees’ lives. At WaterStone Bank, not only will you excel in your career, but you will grow as a person.
WaterStone Bank is an Equal Opportunity Employer.
If you need assistance seeking a job opportunity at this company, or if you need reasonable accommodation with the application process, please call 414-459-4125.
Know your rights | Employee Polygraph Protection Act | EEO Statement
