Benefits at Santander US

401(K)

Santander offers a 401(k) plan with a 6% Santander company match. Employees can make pre-tax contributions, Roth contributions, after-tax contributions or a combination of all three to their 401(k).

401(K) matching

Santander matches 100% of the amount contributed, up to 6% of eligible pay, of pre-tax and Roth contributions. Amounts employees and Santander contribute are 100% vested.

Charitable contribution matching

Through the Employee Giving Program, Santander matches personal employee contributions to eligible nonprofits up to $1,000 USD per employee, per program year – doubling the impact of their donations

Performance bonus

Adoption Assistance

Santander provides financial assistance to regular full- and part-time employees up to $3,000 per adoption.

Childcare benefits

Santander offers a Back-up Dependent Care program, with access to onsite and in-home caregivers who can provide care for a child or adult family member when regular care arrangements aren't available.

Family medical leave

Santander complies with the Family and Medical Leave Act and will be offering a new Paid Caregiver Leave in 2023 to provide full pay for two weeks of this leave.

Generous parental leave

In addition to 8 weeks of maternity leave, Santander’s Parental Leave program supports birth and non-birth parents by providing six weeks of fully paid leave.

Return-to-work program post parental leave

Commuter benefits

Santander’s Commuter Benefits Program lets employees set aside pre-tax dollars to pay for eligible parking and transit expenses.

Company-sponsored outings

Fitness stipend

Santander offers access to discounts and other perks with two fitness programs: Equinox and GlobalFit.

Dedicated diversity and inclusion staff

Documented equal pay policy

Highly diverse management team

More than 20% of the Santander US Leadership Team (USLT) is made up of women.

Mandated unconscious bias training

All Santander leaders complete mandatory DE&I training.

Diversity employee resource groups

We offer seven BRGs: AAPI, Thrive (caregivers and abilities), Veteran, BOLD (Black Organization for Leadership & Development), Conexión (Hispanic/Latinx), Embrace (LGBT+ Allies), and EmpowHER (women)

Hiring practices that promote diversity

Dental insurance

Santander offers the choice of two dental plans: the Basic Dental Plan and the Buy-up Dental Plan. Orthodontia for all ages is available through the Buy-up Plan.

Disability insurance

Santander automatically provides company paid short-term disability benefits of 100% of salary for 8 weeks and company paid long-term disability benefits at 60% of salary, up to a maximum monthly $20k

Flexible Spending Account (FSA)

Santander provides a choice of tax-advantaged accounts: Health Savings Account (HSA) Healthcare Flexible Spending Account (FSA) Limited Purpose FSA (LP FSA) Dependent Care FSA

Health insurance

Santander offers three national medical plan options that utilize the UnitedHealthcare and Optum national networks and offer low paycheck contributions, competitive deductibles, copays and coinsurance

Life insurance

Santander automatically provides Core Life Insurance coverage to eligible employees, equal to two times benefits pay, up to a $1 million maximum. Employees can elect to purchase Supplemental Life.

Pet insurance

Through MetLife Pet Insurance, employees can receive a group discount on premiums and obtain coverage for items such as illnesses, medications, exam fees and more.

Vision insurance

Santander offers the choice of two vision plans: the Basic Vision Plan and the Buy-up Vision Plan. The allowance for standard frames and contact lenses is $130 and $160 per year, respectively.

Wellness programs

Santander promotes employee physical, mental and financial well-being including through Limeade, our program partner, available to all employees.

Mental health benefits

Santander promotes mental health by offering no-cost counseling services through the Employee Assistance Program administered by Carebridge to all employees and programs through the medical plan.

Volunteer in local community

Santander provides 16 hours of Volunteer Paid Time Off (VPTO) for full-time team members per year and 8 hours for part-time team members.

Open office floor plan

Partners with nonprofits

Santander’s Community Hub makes it easy for employees to give back to the communities where we live and work through our partnerships with 501(c)(3) charitable organizations.

Remote work program

Santander provides flexible work arrangements for the majority of corporate function roles, including in IT. The majority of our employees work hybrid schedules.

Generous PTO

PTO can range from 18 to 30 days depending on the role, and is in addition to the holidays Santander observes. Santander additionally provides Volunteer, Diversity and Development PTO.

Paid volunteer time

All regular employees are eligible to receive Volunteer PTO (VPTO) hours: 16 hours for full-time employees and eight hours for part-time employees.

Paid holidays

Paid sick days

Paid sick time is included in Santander’s PTO program. Short-term disability benefits kick in after five days of illness.

Job training & conferences

Mentorship program

Mentorship ARC is a US mentorship program that offers an inclusive, ad-hoc opportunity for all team members to work alongside a mentor for career development.

Promote from within

Continuing education available during work hours

All regular employees who have completed at least six months of service are eligible to receive Development PTO hours: eight hours for full-time employees and four hours for part-time employees.

Tuition reimbursement

Santander’s Tuition Reimbursement program reimburses a portion of costs for undergraduate and graduate degree programs for eligible employees.