Arrow Electronics Inc Benefits

At Arrow Electronics Inc, they provide several retirement and welfare benefits to promote employee well-being. Many companies in the United States, like Arrow Electronics Inc, sponsor health insurance, through which companies typically cover a significant portion of their employees' health insurance premiums. In this system, businesses are provided with tax deductions for their contributions and workers are provided with the insurance tax-free. Arrow Electronics Inc offers health, dental, and vision insurance. Arrow Electronics Inc also offers group life insurance, short-term disability insurance for accidents or illness, long-term disability insurance, and death benefits, which cover certain causes of death. Employer-financed retirement plans help to guarantee a reliable money source later in life. Arrow Electronics Inc offers defined benefit pension plans and defined contribution pension plans. Retirees at companies with defined benefit retirement plans are provided with a predetermined sum when they reach retirement. With a defined contribution pension plan, businesses help employees save and invest for retirement.