Washington Trust makes a substantial investment in providing a competitive benefit package that offers income security, financial planning and protection, and opportunities for professional and personal development.
Our 401(k) Plan features employee pre-tax contributions and a generous employer contribution. Participants are vested in Bank contributions after two years.
Comprehensive medical insurance benefits are offered. The plan offers a higher level of coverage at the nationwide network of providers, but gives participants the freedom to use any provider for most services.
Comprehensive dental insurance benefits are offered. The plan provides coverage for preventative, minor restorative, major restorative, periodontal and orthodontia services.
The Bank offers cash in lieu of benefits to employees with medical and/or dental insurance from another source.
The Bank offers Medical and Dependant Care Reimbursement accounts, which feature significant tax savings on eligible expenses.
The Bank provides paid life and accidental death and dismemberment (“AD&D”) insurance to both full and part-time employees.
Employees have the option to purchase spouse and dependent life insurance coverage.
Full-time employees receive company-paid long term disability insurance which provides financial protection in the event of a long term absence from work as a result of an illness or injury.
All employees are eligible to participate in the Washington Trust Bancorp, Inc. Dividend Reinvestment Plan through payroll.
Eligible employees will be reimbursed for qualified expenses incurred while adopting a child or children under the age of 18.
Washington Trust offers an employee assistance program through LifeWorks®. This confidential resource is available to assist employees and families with any problem that may arise, including family and relationship problems, emotional strain, addiction, work stress, financial concerns, and personal legal concerns.
We value the health and welfare of our employees and their families, and take a proactive approach to wellness. We are proud to offer a number of wellness initiatives including smoking cessation incentives, health screenings, flu shots, and wellness seminars.
Employees receive reduced rates or waived fees on a number of banking services including checking accounts, internet banking, mortgages, installment loans, traveler’s checks, bank checks and wire transfers.
Full-time and part-time employees are eligible for paid vacation. In addition, full-time employees enjoy paid holidays.
The Bank realizes that employees have many priorities within their private lives. Managers are encouraged to be flexible with employees on work start and stop times, consider job sharing proposals, and allow reduced workweeks, such as the popular 32 hour full-time work week.
In addition to offering a competitive base salary, the Bank offers a number of incentive compensation plans, depending on position, which reward the employee for strong performance.
Full-time employees are eligible for tuition reimbursement for pre-approved undergraduate and graduate courses.
The Bank strives to provide a continuous learning environment where employees will be encouraged to develop to their fullest potential.
This summary is intended to give a brief overview of the benefit programs available to employees. For more complete information, please see the summary plan descriptions, plan documents, The Washington Trust Company Policy Manual, and carrier contracts which will govern in the event of a discrepancy. The Bank reserves the right to amend, modify, or terminate the Plans at any time.