Avnet Inc. Benefits

At Avnet Inc., they provide many retirement savings plans and perks to promote employee well-being. Countless employers in the United States, like Avnet Inc., provide group health plans for their employees, through which employers typically pay a large portion of their employees' health insurance premiums. In this arrangement, employers are given tax deductions for their contributions and workers receive the insurance tax-free. Avnet Inc. offers health, dental, and vision coverage. Avnet Inc. also offers long-term disability insurance, short-term disability insurance for accidents or illness, and group life insurance. Employer-sponsored pension plans help to guarantee a steady money source later in life. Avnet Inc. offers defined benefit pension plans and defined contribution pension plans. Businesses with defined benefit retirement plans pay retirees a predetermined sum upon retirement. With a defined contribution retirement plan, employers help employees save and invest for retirement.