Benefits and Services
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
- Employer-paid short-term and long-term disability benefits
- On-site 24-hour fitness center
- Annual Wellness Activities
- Employee Assistance Program
- Health Risk Assessments and Screenings
Financial Future and Peace of Mind
- 401(k) Plan with 100% employer matching contribution on employee contributions up to 6% of salary. In addition to the 6% match, there is an automatic 1% employer contribution regardless of employee election. Immediate eligibility for employees. Contribution options include pre-tax, after-tax and Roth 401(k), with individual investment funds and asset allocation funds to select from.
- Defined benefit 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
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
- Formal and informal mentoring program
Personal Time Off
- Paid holidays
- Annual vacation allowance
- Annual allowance for unplanned absences
- Vacation-buying option available in first full calendar year of employment
Additional Perks and Services
- Nationally designated by the Center for Urban Transportation as a “Best Workplace for Commuter Benefits” [PDF].
- Subsidized pre-tax transportation benefit program for public transportation and van pools.
- Pre-tax benefit program for parking fees
- Flexible work schedules available for many positions
- On-site cafeteria and dining room with beautiful view of the Mississippi River
- Employee discounts for goods, services, area events, attractions and community businesses
- Free on-site parking for employees working late afternoons, nights and weekends
- On-site convenience store selling snacks, beverages, greeting cards, and more
- Casual dress environment
- Business Certified Massage Therapist on-site weekly
(Employee paid)
This benefit summary is current as of February 2010—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.
Related Links
Did You Know…
- Each year, the Minneapolis Fed participates in over five community involvement activities.
- The Federal Reserve Bank of Minneapolis is not a federal employer.
- According to an employee survey completed in 2009, most employees indicated that they are proud to work for the Bank and would recommend the Fed as a good place to work.