Total Rewards

Compensation and Benefits

Colonial employees are rewarded with competitive compensation and a generous benefits package that includes a host of features that support and enhance all stages of their careers. For example, employees are eligible for merit-based salary increases on an annual basis, and also are eligible to participate in the annual bonus program. Additionally, as part of our highly competitive benefits program, employees are rewarded with an automatic company contribution of 4% of salary into the 401(k) plan, and can receive up to 6% more in matching contributions, for a total of (up to) 10% of salary in company-paid contributions.

Health and Wellness

Colonial strives to ensure that we offer comprehensive, affordable health and welfare plans that meet the needs of employees across every phase of life. To do so, we routinely review and update our program offerings to be current with employee needs and best practices. Some key features in our health and welfare plans include:

  • Traditional PPO and High Deductible Healthcare Plans
  • Integrated Pharmacy/​Prescription Program
  • Tax Advantaged Savings Accounts 
  • Comprehensive Wellness Program with Cash Incentives
  • Vision and Dental Plans

Financial Wellness

We understand that all employees want to have financial security at the end of their rewarding career with Colonial. That is why we are very proud of our retirement savings, financial planning and income preservation plans, which include:

  • Company-Paid Core 401(k) Contribution of 4% of Salary
  • Additional Company-Paid Matching Contribution Up-To 6% of Salary 
  • Pre and Post Tax Retirement Savings Options 
  • Life and AD&D Insurance Programs
  • Long Term Disability Insurance
  • Professional Financial Planning Assistance

Additional Benefits

Colonial is committed to helping each employee grow and develop in their careers, and we are also committed to life outside of work and our communities. That is why we offer a number of non-traditional benefits, which include

  • Comprehensive Employee Assistance Program (EAP)
  • Tuition Reimbursement
  • Travel Assistance
  • Employee Discount Program 
  • Matching Educational Gift Program

Paid Time Off

Colonial understands that life happens,” so we offer a number of time off benefits to help our employees balance their work and home lives, which include:
  • Paid Vacation
  • Paid Military Leave
  • Paid Family Care Time Off
  • Paid Sick Time 
  • Paid Holidays and Floating Holidays

Transparency in Coverage

This link leads to the machine readable files that are made available in response to the federal Transparency in Coverage Rule and includes negotiated service rates and out-of-network allowed amounts between health plans and healthcare providers. The machine-readable files are formatted to allow researchers, regulators, and application developers to more easily access and analyze. 

*Note: prior to 7/1/22, this link will take you to the home page of, but will access the MRFs page after that date.

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