Terrible insurance, PTO, etc. - Anonymous First Merchants Employee Review

2.0
May 3, 2021
Recommend
CEO approval
Business Outlook

Pros

The people I have worked with are great. Management is great.

Cons

Health insurance is awful. Only high deductible plans offered and you have to pay out of pocket for prescriptions until the deductible is met. If you have a family plan with the 10k deductible you need to spend 10k in prescriptions out of pocket before they cover anything that isn't preventative meds. Sorry diabetes people. You are screwed!! Your insulin or other meds are out of pocket. It's shameful. Also it doesn't kick in until 61 days. Coverage is worse than a Healthcare Marketplace plan and not much less expensive in the long run. PTO is not good for a full time employee. Don't come here thinking you will get 2 weeks in your first year. 40 hours AND pro-rated to Jan 1st. Absolutely terrible for a company this size. I don't know how they even make the list of best companies to work at. If I had to do it over I would STAY AWAY!

Explore other reviews about First Merchants

5.0
Jun 17, 2026
Recommend
CEO approval
Business Outlook

Pros

Helpful, motivating, and good pay

Cons

Sometimes unorganized and sometimes confusing

1.0
Dec 17, 2025
Recommend
CEO approval
Business Outlook

Pros

You get all holidays off and paid.

Cons

This company does not prioritize its employees or its branches only money and sales. New hires receive minimal training and are immediately thrown into work on outdated systems from the 90s, none of which communicate with each other. It creates unnecessary stress and sets employees up to fail. They also do not pay employees for the time spent opening the branch in the morning; pay does not start until all opening procedures are completed. Every other bank pays for this time, and this practice feels both unfair and exploitative. HR can be extremely difficult to deal with. If you end up on their bad side, they may manipulate your schedule or misrepresent your hours. This environment does not feel safe or supportive. Overall, this company allows branches and customers to suffer due to poor management and prioritizing their own interests over basic employee welfare. Based on what I’ve seen, I’m genuinely surprised this bank is still operating the way it does.

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