Bank of Ann Arbor Benefits

At Bank of Ann Arbor, they offer some pension and welfare benefits for their workers. Like Bank of Ann Arbor employees, a large number of workers in the United States rely on health insurance sponsored by their employer, through which businesses typically pay a large proportion of their workers' health insurance premiums. In this arrangement, companies are provided with tax deductions for their contributions and workers are provided with the benefits tax-free. Bank of Ann Arbor provides health, dental, and vision insurance. Bank of Ann Arbor also provides group life insurance and long-term disability insurance. To help guarantee a reliable stream of cash later in life, numerous workers avail themselves of employer-sponsored retirement plans. Bank of Ann Arbor offers defined contribution pension plans. With a defined contribution pension plan, businesses help workers save and invest for retirement.