Concord Foods, Inc. Benefits

Concord Foods, Inc. provides a few pension plans and other welfare benefits for their workers. Countless Americans, like Concord Foods, Inc. workers, rely on employer-sponsored health benefits, through which companies typically cover a large percentage of their workers' health insurance premiums. These contributions are tax deductible for employers and tax-free for employees. Concord Foods, Inc. provides health and dental benefits. Concord Foods, Inc. also provides group life insurance, short-term disability insurance for accidents or illness, long-term disability insurance, and death benefits, which cover certain causes of death. To help ensure a stable income stream later in life, a large number of workers enroll in employer-financed retirement plans. Concord Foods, Inc. provides defined contribution pension plans. With a defined contribution retirement plan, employers help workers save and invest for retirement.