TAMPA, Fla.–Saying it is committed to being a preferred employer of the Tampa Bay area, GTE Financial Credit Union said it has made changes in 401(k) policy to reflect that commitment.
GTE Financial announced it is rolling out a 7% 401(k) match to further support its employees starting Jan. 1, 2022. Initially a 5% match, GTE Financial said it leads as one of the top 20% companies for a high 401(k) match.
“GTE is happy to announce a very generous increase to the employer matching 401(k) contributions to 7% starting in January 2022. We are proud of the additional investment we are making in helping our employees fund their retirement plans,” said Jasiel Legon, SVP and chief talent officer at GTE Financial. “This 401(k) match is in addition to the extremely competitive Total Rewards package that GTE offers all employees, which includes four weeks Paid Time Off the first year, 11 paid holidays, product discounts, and paid parental leave – and that list is not even exhaustive. We are proud to provide such remarkable benefits to our employees and continue to be recognized as a Top Workplace & Best Places to Work in Tampa Bay.”
‘Educate, Engage, Empower’
In addition to the Total Rewards package, GTE Financial CU said it helps employees focus on their wellness journey through its “LiveWell” program, the mission of which is to “educate, engage, empower, and support employees to make impactful lifestyle behavior changes.”
The credit union said its GTE LiveWell encompasses five pillars of health: FinHealth, Know-How, Mind, Active & Nutrition. The credit union offers an on-site gym and quarter-mile outdoor fitness track at its headquarters, a monthly wellness allowance for all employees, ongoing wellness education, and engagement activities like fitness contests and incentives for tracking.