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Benefits

Comprehensive plans to meet your needs.

Our success is a team effort. We’re committed to recognizing – and rewarding – our employees’ contributions. Along with competitive core benefits, we also offer many lifestyle benefits to meet the needs of our workforce and help our employees succeed.

Thrive with Key

At Key, we care about the health, well-being and financial wellness of our employees. We want our employees to thrive. We promote healthy lifestyles, while helping employees build financial wellness, through our comprehensive benefits programs.

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Health

Employee wellness comes first for us, and so we offer insurance options to keep you and your family in good health.

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Well-Being

Key provides programs to support employees with balancing their work, life and career.

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Financial Wellness

We help our employees create a stable future while thriving in their current financial lives.

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We’re committed to helping our employees thrive by rewarding them for their contributions and investing in their health, well-being, and financial wellness. As part of that commitment, we offer a full range of benefits designed around these components to encourage wellness in all aspects of their lives.

Alan Duffy, Director of Compensation & Benefits

Employee Benefits & Programs

Health

Employees who work 30 or more hours per week are eligible to participate in Key’s medical benefits program. Key offers the choice of three high deductible health plan options. Each has a combined medical/prescription deductible and maximum out-of-pocket expense. Other benefits include:

  • Dental
  • Vision
  • Health savings account
  • Wellness incentives

Employees who work 20 or more hours per week are eligible for basic, supplemental, spouse and child life insurance, in addition to these other insurance benefits:

  • Accidental death
  • Critical illness
  • Long-term disability
  • Short-term medical leave
  • Business travel insurance

Employees have access to online tools, health coaching, education, annual health screenings and activities to support their health and wellness.

Key reimburses eligible employees up to $300 a year for covered expenses, including an individual employee or family fitness center membership, fitness classes, personal trainer services and indoor fitness equipment.

Well-Being

Key’s Alternative Work Schedules policy and Mobile by Design program help employees balance work and personal life by allowing the flexibility to adjust work schedules or work location.

PTO combines vacation, personal days and sick time into one bank of days that employees can use in any way they choose.

Key provides up to ten weeks of paid parental leave to bond with a child after birth, adoption or foster placement.

We support employees who are adoptive parents. Key provides Adoption Assistance to eligible employees through adoption resources, referral services and financial assistance in the amount of $10,000 in adoption assistance once per calendar year.

Free, professional and confidential service our employees can use to get help whenever they need assistance. It includes:

  • Counseling (up to six free sessions)
  • Educational health apps
  • Stress management programs
  • Online tools and resources

Support services and guidance for parents and caregivers which include:

  • Child and elder care referrals
  • Discounts on child care and tutoring services
  • Tutoring and homework help
  • Caregiving and parenting guidance

Employees have access to a variety of learning opportunities, comprehensive career development tools and mentoring programs.

Employees can participate in a variety of company-sponsored volunteer and giving opportunities, including the Employee Matching Gift Program, which offers eligible employees the opportunity to support qualified nonprofit organizations and multiply their contributions through the KeyBank Foundation.

Financial Wellness

Make either before-tax or Roth after-tax contributions, or both, through convenient payroll deductions. Key matches dollar for dollar, up to the first 6% of eligible pay you contribute, per pay period (after meeting eligibility requirements). The plan also includes a discretionary profit sharing contribution.

Eligible employees have the opportunity to purchase common shares of KeyCorp stock on a monthly basis, at a 10% discount, through payroll deduction.

We offer employees a variety of exclusive banking products and services, as well as discounts by Key suppliers and online retailers.

Key’s Commuter Savings program allows eligible employees to use pre-tax dollars to cover parking expenses or public transit expenses related to your travel to work and thereby reduce your taxable income.

Through Key’s Live Well & Thrive Program, employees can access legal support and attorney referrals, as well as financial consulting. Free legal will prep is also available.

Key offers a Dependent Care Flexible Spending Account (FSA) Plan to save on child care expenses by using tax-free funds to pay for dependent care services.

We support our employees with financial wellness education and customized solutions to help them on their financial journey.

  • Financial Wellness Review – guided by a banker in-person or virtually
  • Educational Resources including:
    • Debt and Credit
    • Savings and Budgeting
    • Homeownership
    • Investing and Retirement
    • Life Events
    • Auto
    • Taxes

Key offers education assistance through tuition reimbursement to eligible employees who study at regionally accredited schools.

KeyBank supports employees’ families by offering children of employees an opportunity to be awarded a $2,500 college scholarship, renewable annually for 2 and 4 year undergraduate programs.

Key's Hardship Relief Fund provides financial assistance of up to $3,000 in a rolling calendar year for employees faced with unexpected life events and natural disasters.

Key offers identity protection at reduced rates which includes comprehensive financial and identity monitoring to help you protect yourself and family against the impact of identity theft.

Key is an Equal Opportunity and Affirmative Action Employer.