Davis Polk & Wardwell Benefits

At Davis Polk & Wardwell, they provide many options for retirement savings plans and amenities for their workers. Many American companies, like Davis Polk & Wardwell, provide group health insurance for their employees, through which businesses typically pay a large proportion of their employees' health insurance premiums. In this arrangement, employers receive tax deductions for their contributions and employees are provided with the coverage tax-free. Davis Polk & Wardwell offers health, dental, and vision coverage. Davis Polk & Wardwell also offers short-term disability insurance for accidents or illness, long-term disability insurance, group life insurance, and death benefits, which cover certain causes of death. Employer-funded pension plans help to guarantee a reliable flow of cash later in life. Davis Polk & Wardwell provides defined benefit pension plans and defined contribution pension plans. Companies with defined benefit pension plans pay employees a fixed amount when they reach retirement. With a defined contribution pension plan, companies help workers save and invest for retirement.