Fiduciary Trust Company Benefits

Fiduciary Trust Company provides a few pension and welfare benefits to promote employee well-being. Like Fiduciary Trust Company workers, a large number of American employees take advantage of group health coverage funded by their employer, through which companies typically cover a large percentage of their employees' health insurance premiums. These contributions are tax deductible for companies and tax-free for workers. Fiduciary Trust Company offers health and dental benefits. Fiduciary Trust Company also offers group life insurance, short-term disability insurance for accidents or illness, and long-term disability insurance. Employer-provided pension plans help to secure a steady cash source later in life. Fiduciary Trust Company provides defined benefit pension plans and defined contribution pension plans. A defined benefit retirement plan pays retirees a predetermined amount upon retirement. With a defined contribution pension plan, companies help workers save and invest for retirement.