Colonial Pipeline Company Benefits

Colonial Pipeline Company offers several types of retirement and welfare benefits. Countless American companies, like Colonial Pipeline Company, sponsor group health insurance for their employees, through which companies typically cover a significant percentage of their employees' health insurance premiums. In this setup, employers are given tax deductions for their contributions and employees are provided with the plans 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-sponsored retirement plans help to ensure a reliable income flow later in life. Colonial Pipeline Company provides defined benefit pension plans and defined contribution pension plans. With a defined benefit pension plan, workers receive fixed compensation upon retirement. With a defined contribution pension plan, employers help employees save and invest for retirement.