Capitol Bancorp Limited
offers a benefits and compensation package to its employees, which includes the following:
Health Care: Capitol Bancorp Limited
offers PPO health insurance plans to better meet the individual needs of its employees. Each plan has a three-tier
pharmaceutical card. Capitol Bancorp Limited
also offers a High Deductible Health Plan option. Employees under the HDHP can set up an HSA through a bank of their
choice to fund medical expenses incurred.
Dental Insurance: Capitol Bancorp Limited
offers a comprehensive dental insurance plan with orthodontic coverage for children and adults.
Vision Insurance: Capitol Bancorp Limited
offers a vision plan which includes coverage for the employee and their family. The plan offers a user-friendly
network of providers and provides contacts or glasses.
Flexible Spending Plan: This plan allows employees to save money
by paying current eligible expenses on a pre-tax basis. Employees can elect specific
dollar amounts for qualified medical expenses and/or for qualified dependent care.
Transit pass and parking reimbursement plans are also available.
Group Life Insurance and Long Term Disability: Capitol Bancorp Limited
offers these benefits to all permanent full-time employees at no charge.
Supplemental Life Insurance (Voluntary): Employees can elect up
to $300,000 in additional life insurance. Coverage for the employee’s spouse and
children is also available.
401(k): Capitol Bancorp Limited's
401(k) plan offers over 20 different types of investment vehicles, including
Capitol Bancorp Limited common stock. Employees
may contribute from 1% to 80% of eligible compensation and are 100% vested in their
Tuition Reimbursement: Capitol Bancorp Limited
encourages all employees to further their education and to increase their effectiveness in their present
job. Tuition reimbursement is available to all full-time employees who take courses
related to their job. Educational assistance is available up to and including graduate
classes. Employees can receive up to 75% in tuition reimbursement.
Direct Purchase and Dividend Reinvestment Plan: All employees of
Capitol Bancorp Limited may make optional cash investments under
Capitol Bancorp Limited Direct,
the Capitol Bancorp Limited Direct Purchase and Dividend Reinvestment
Plan. With this plan employees can authorize automatic deductions from each paycheck
for the purchase of Capitol Bancorp Limited common stock.
Employee Assistance Services: Capitol Bancorp Limited offers employee
assistance services through a third party to help employees deal with life’s everyday
challenges or problems. Services are free to all employees and their dependents.