Colonial Pipeline Company Benefits

At Colonial Pipeline Company, they provide several options for retirement and welfare benefits. Like Colonial Pipeline Company employees, a large number of members of the American workforce enroll in employer-financed group health plans, through which employers typically foot the bill for a sizable proportion of their workers' health insurance premiums. In this arrangement, companies are provided with tax deductions for their contributions and employees are provided with the coverage tax-free. Colonial Pipeline Company offers health, dental, and vision insurance. Colonial Pipeline Company also offers group life insurance and long-term disability insurance. Employer-provided pension plans help to guarantee a reliable source of income later in life. Colonial Pipeline Company offers defined benefit pension plans and defined contribution pension plans. Businesses with defined benefit retirement plans pay workers a fixed sum when they retire. With a defined contribution retirement plan, companies help workers save and invest for retirement.