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Benefits

Our Benefits programs are designed with our employees in mind. We realize that as competition in our market increases, attracting and retaining competent and valuable employees focused on providing superior service requires more than just a paycheck.

Your Health and Wellness

Health Insurance is offered to employees on the first of the month following sixty days of service, and is available to regular employees working at least 20 hours per week. Employees may be responsible for a portion of the premium for their choice of coverage, and bi-weekly contributions for health plan offerings are pre-tax. Costs will vary based on classification and number of individuals covered.

Medical Insurance: A choice between two plans is provided and with both options, in-network preventative care is covered at 100% with no deductible. Both are High Deductible Health Plans (HDHP). Upon meeting the annual deductible, the HDHP pays 100% of eligible charges for in-network, non-preventative medical services and prescription costs.

Dental Insurance is available as a stand-alone option and cost is determined based upon the number of participants being enrolled. Preventative Services (Tier I) are covered at 100% and both Basic & Major Services (Tiers II & III) are covered at 80% after meeting the applicable deductible.

Vision Coverage included in both medical insurance options provides for 100% coverage for one routine vision exam every 12 months. Additional Vision coverage is available as a voluntary benefit through VSP. 

Short Term Disability

Short-term disability benefits are provided at no cost to the full time employees, and provide income protection for a defined time period in the event of a non-work related illness or injury. Short Term Disability benefits become available after six months of employment.

Long Term Disability

Long Term Disability insurance is also provided at no cost to full-time employees, and provides a percentage of monthly salary in accordance with plan provisions for employees who have met the required disability period of greater than 180 days due to a non-work related illness or injury.

Voluntary AFLAC Insurance

All benefit-eligible employees may purchase any of several insurance selections from AFLAC, which may include supplementary insurance, hospital care, cancer insurance and short-term disability.

Planning for the Future

Group Term Life Insurance

Group Term Life Insurance is provided at no cost to full-time employees with a benefit of 2.5 times their annual salary. The plan also allows departing employees to continue coverage directly with the carrier at their own expense.

Voluntary Life Insurance

All benefits-eligible employees are eligible to purchase additional Voluntary Life Insurance for themselves and family members.

401(k) Retirement Plan

The Bank of New Hampshire Retirement Incentive Program consists of a voluntary, long-term, contributory savings/retirement program (referred to as the 401(k) plan), and a profit sharing allocation. Participation in the plan includes pre-tax contributions via payroll deduction, and offers several investment options to use in investing individual contributions. BNH currently matches 50 cents of every dollar, up to 6% of pay contributed.  

The annual profit sharing allocation is granted on a discretionary basis by the Board of Directors. This monetary allocation is invested according to the employee’s investment elections, and placed directly into the 401(k) account of all active participants.

All regular employees having attained age 21 will be automatically enrolled in the Bank’s 401(k) Retirement Incentive Program at the start of the calendar quarter (January, April, July, and October) following their date of hire, or, if not yet 21, following their eligibility date as outlined above.  

Time for You

Our time-off policies support the changing needs of today’s workforce, and these benefits give employees the flexibility to use their time when needed (with supervisor approval if required) for both pre-planned time off as well as for unexpected absences. Time is provided to both full time and part time employees, and in some cases, time is allocated based upon status and length of service.

Supporting Your Educational Goals and Personal Needs

Educational Assistance

Bank of New Hampshire is supportive of education for employees and offers Tuition Reimbursement up to $3,000.00 per fiscal year to full-time and benefit-eligible part time employees taking other business or degree-related courses. 

In addition, employees are able to attend the Northern New England Center for Financial Training for education, training and informational courses and seminars for the financial services industry. Costs are shared between the employee and the bank.

Employee Assistance Program (EAP)

This benefit is provided at no cost to employees and provides a professional, supportive and confidential resource to assist with personal and/or job-related concerns that may impact their ability to perform their job. The EAP can assist in planning a course of action and identifying resources to help the employee. The plan also provides assistance in financial planning and basic legal services.

Rewards and Recognition

Winner’s Circle Sales Incentive Program

The Winner’s Circle Incentive Program offers employees an opportunity for additional income based upon sales performance. Eligible employees will receive cash incentive payments for inter-departmental prospect referrals that result in closed sales. 

Incentive Compensation Plan

This annual bonus program allows for employees to be rewarded for accomplishments related to individual and corporate goal achievements.

Recruitment Bonus

Our Recruitment Bonus Program encourages staff to recommend qualified applicants for available positions. A bonus of $250.00 or $500.00 (depending upon the level of position) is paid to a staff member who recommends an individual who is subsequently hired and completes three (3) months of satisfactory employment.

Other Benefits

Products and Services

Bank of New Hampshire provides several products and services at a discount to employees, including Gift Checks, Money Orders, Wire Transfers, Traveler's Checks and Safety Deposit Boxes. 

Employee Advantage Program

Employees enjoy vendor discounts and club enrollments through the Employee Advantage Program, including discounted wholesale-club memberships, reduced ticket prices at ski areas and amusement parks, discounts on Dell computers and Verizon cellular services (where applicable), as well as discounts at several other local vendors in various regions.