Fiduciary Trust Company Benefits

Fiduciary Trust Company provides a few retirement savings plans and other welfare benefits to promote employee well-being. Numerous American companies, like Fiduciary Trust Company, fund group health insurance, through which employers typically cover a sizable percentage of their employees' health insurance premiums. In this system, companies are provided with tax deductions for their contributions and workers are given the insurance tax-free. Fiduciary Trust Company offers health and dental plans. Fiduciary Trust Company also offers group life insurance, short-term disability insurance for accidents or illness, and long-term disability insurance. Employer-funded retirement plans help to secure a stable flow of income later in life. Fiduciary Trust Company offers defined benefit pension plans and defined contribution pension plans. With a defined benefit retirement plan, retirees collect predetermined compensation upon retirement. With a defined contribution pension plan, businesses help workers save and invest for retirement.