First Financial Corporation offers its employees a wide range of benefit options. The benefits program is designed to provide for today and also to provide security for your future. Benefits offered are based on the employee’s employment status and in some cases a waiting period may be in effect.

Medical Insurance

First Financial Corporation offers all full-time and exempt employees with comprehensive major medical coverage and the ability to choose between five plan options. Deductibles for these PPO plans range from $250 to $3,000. With each plan option, preventative care is covered at 100%, prescriptions are covered by a four-tier co-payment plan, and there are set co-payments for office and specialist visits.

Dental Insurance

First Financial Corporation offers all full-time, exempt, and part-time employees with a passive PPO for dental coverage. Services under this plan are paid in the 90th percentile for reasonable and customary charges, preventative services are paid at 100% and orthodontics is covered.

Flexible Spending & Health Savings Accounts

First Financial Corporation offers all full-time and exempt employees the option of Flexible Spending and Health Savings Account. The Flexible Spending Health Care Account allows employees to set aside pre-tax money for eligible medical, dental and vision expense. Annual contribution limits for payroll deduct range from $100 to $2,500. The Flexible Spending Dependant Care Account allows employees to set aside pre-tax money for eligible dependent care expenses. Annual contribution limits for payroll deduct range from $550 to $5,000.

The Health Savings Account is available only to those employees who elect the high deductible medical plan.

Life Insurance

First Financial Corporation provides all full-time and exempt employees with a $5,000 life insurance policy upon hire. This amount increases to three times the employee’s annual salary after eligibility for enrollment in the ESOP Retirement Plan. Employees also have the option to purchase up to $400,000 in additional life insurance for themselves and up to $100,000 for their spouse and up to $10,000 for their children.

Short-Term & Long-Term Disability Plans

First Financial Corporation provides a short and long-term disability program to all full-time and exempt employees. After eligibility requirements have been met, there is a two-week waiting period and then short-term benefits are available at 80% of the employee’s salary for the first 90 days and then at 70% for the following 90 days. If qualified for long-term disability, this program would take effect after 181 days at 60% of the employee’s salary.

Retirement Income Program

First Financial Corporation provides a retirement income program to all employees who meet the minimum eligibility requirements. The retirement income program is comprised of a Pension Plan and Employee Stock Ownership Program (ESOP). The retirement income program provides for a seven year graduated vesting schedule and is fully funded by the Corporation.

401(k) Employee Savings Plan

First Financial Corporation offers all employees the ability to contribute to a 401(k) Employee Savings Plan. Employees are eligible to enroll on a quarterly basis and are allowed to contribute 1% to 50% of their annual salary on a tax-deferred basis (based on annual contribution limits as set forth by the IRS).

Miscellaneous Benefits

First Financial Corporation also offers employees with tuition assistance, an internal job posting program, paid vacations and holidays, sick day payment, and many bank-related benefits. These miscellaneous benefits are based on the employee’s employment status and eligibility requirements.