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Explore Your Benefits

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Total Rewards for the Total You

At the Richmond Fed we offer a wide range of benefits and perks that support your health, wealth and life. In addition to competitive compensation, our comprehensive benefits package includes generous paid time off, tuition assistance, family leave, retirement, professional development opportunities and more. All brought together in a flexible work environment where you can truly find balance.

Keep reading for highlights of the great benefits you’ll enjoy when joining the Richmond Fed. Check out our detailed benefits information for a comprehensive look at our total rewards package.

Your Wealth

We offer competitive pay and more to support your financial well-being now and in the future.

  • Competitive salaries, incentive plan, annual performance-based increases and cash awards
  • 401(k) with up to 7% company contribution
  • Company-funded pension that fully vests in five years (and it’s portable!)
  • Tuition assistance—up to $15k annually—plus ongoing training and development opportunities
  • Company-paid personal protection plans from life and disability insurance to identity theft protection
  • Free financial planning and college planning

Your Health

Our top-tier life, medical, dental, vision, prescription and wellness plans help you and your loved ones stay healthy. 

  • Multiple medical plan choices with coverage for domestic partners and children up to age 26
  • Free health coaching, mental health services and expert medical opinion services
  • Onsite fitness centers, clinics and wellness rewards 
  • We even offer coverage for your furry family members

Your Life

Our generous benefits support your work and home life—offering flexibility, choice and value, starting day one.

  • Paid leave: Minimum 23 days off each year starting day one; 11 holidays; volunteer leave; bereavement leave following the death of a family member; and up to 12 weeks (up to 8 weeks paid) of family leave for a variety of situations
  • Flexible work environment with hybrid and remote work arrangements
  • Back-up child and elder care services
  • Adoption and legal parental rights financial assistance – up to $15k per adoption

Our benefits are just one of the many reasons the Richmond Fed is a great place to work! Find your Fed career—search available job opportunities!

Keith talks about his Education Assistance experience

When Keith wanted to make a career change, he didn't leave the Richmond Fed – he took advantage of our Education Assistance benefit and got the job of his dreams.

This partial summary highlights some of the provisions of the Benefit Plans and is not intended to be a contract of employment nor a statement of the conditions of employment. Benefits under each Plan are governed by the Plan documents. The Federal Reserve Bank of Richmond/FRIT reserves the right to change or terminate any or all of the benefits for employees and their dependents at any time for any reason. Revised March 2023.

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