Just as our clients count on us, SVB's benefits are designed to support our employees' dreams, enhance their well-being, and achieve their goals. SVB offers employees a robust benefits package. It's among the best in business today.
Balancing Work And Life
At SVB, we offer plenty of paid time off and perks to help employees balance work responsibilities and their personal lives.
Non-exempt employees accrue vacation up to 22 days per year and exempt employees participate in SVB’s “Time Away from Work” practice, in which you collaborate directly with your manager to plan time away from work to refresh and renew.
There are 10 scheduled paid holidays. Additionally, employees receive two paid personal days to observe special holidays that may be important to them.
Employees accrue up to a maximum of 10 sick days per year
Employee Assistance Plan (EAP)
Employees and their family members can contact the EAP for confidential counseling, advice and referrals on personal as well as work-related issues.
Commuter Benefit Program
This program allows employees to save on eligible commuting costs through automatic, pre-tax payroll deductions for transit pass, parking provider or both. Once the pre-tax limit is reached, post-tax deductions can be taken.
SVB offers discounts for movie theaters, theme parks, personal computing purchases and more.
We offer comprehensive health care coverage and other resources to promote the health of our employees and their families.
Options include a Preferred Provider Organization (PPO) and Point-of-Service (POS) plans through United HealthCare. Regional HMOs are also available in California (Kaiser) and Massachusetts (Tufts).
We offer coverage under the Delta Dental plan.
We offer the Vision Service Plan (VSP) and, for employees in Boston, we also offer Advantica Eyecare.
Health Care Flexible Spending Account
Employees can save on taxes by contributing part of pre-tax pay to this account, then getting reimbursed for eligible out-of-pocket health care expenses.
Dependent Care Flexible Spending Account
Through this pre-tax plan, employees can save on taxes for out-of-pocket dependent care expenses like after school care, adult day care for an aging parent who lives with you, as well as babysitters and nannies.
We offer a number of insurance plans to protect employees and their families in the event of an unexpected life change, such as a disability or a death in the family.
This plan offers a basic level of income replacement after seven days of missed work due to illness or injury.
Supplemental Short-term Disability
This plan pays in addition to the basic short-term disability coverage. Employees pay the full cost for this coverage.
If an employee's injury or illness continues for more than 90 days, a percentage of pay in benefits is received. SVB pays the full cost for this coverage.
To protect an employee's family in the event of death, SVB provides basic term life insurance coverage of two times base pay. Supplemental coverage for employees can also be purchased.
Dependent Life Insurance
Employees may choose to purchase dependent life insurance for their spouse and children.
Building Wealth For Tomorrow
SVB offers several comprehensive programs that support our employees in meeting their financial and retirement goals.
The 401(k) Plan
Employees can invest up to 75% of pre-tax pay in any one of the many investment options offered through Fidelity. SVB matches the first 5% contributed dollar-for-dollar and the contributions are immediately 100% vested. SVB also offers an additional catch-up contribution to employees age 50 and over.
The Employee Stock Ownership Plan (ESOP)
Employees may receive an additional retirement plan contribution of up to 10% of pay, based on the company's performance. This contribution is paid annually and vests over a five-year period.
The Employee Stock Purchase Plan (ESPP)
Employees can purchase shares of SVB Financial Group stock at a 15% discount through after-tax payroll deductions.
Employee Growth And Development
SVB's Learning & Development group offers a full curriculum of courses to aid in your personal and professional development.
Employees who have been with SVBfor at least six months are eligible to receive financial assistance towardsthe pursuit of a job-related degree. SVB reimburses for tuition and books, upto an annual limit.
To be eligible for Benefits, you must be a regular employee working at least 20 hours per week. Additional eligibility requirements may apply. This is an overview of SVB Financial Group's benefits. It is not a legally binding document. Complete plan details can be found in the legal plan documents, which govern all cases. SVB Financial Group reserves the right to terminate or amend the program at any time. This information does not constitute a guarantee or contract of employment.
For a description of benefits outside the US, please contact your local office.