Genentech, Inc. Benefits

At Genentech, Inc., workers receive several retirement and welfare benefits. Countless American businesses, like Genentech, Inc., fund group health insurance for their employees, through which a considerable portion of each employee's health insurance premium is funded by their employer. In this setup, companies are given tax deductions for their contributions and workers receive the benefits tax-free. Genentech, Inc. offers health, dental, and vision plans. Genentech, Inc. also offers long-term disability insurance, group life insurance, short-term disability insurance for accidents or illness, and death benefits, which cover certain causes of death. Employer-provided pension plans help to ensure a stable flow of money later in life. Genentech, Inc. offers defined contribution pension plans. With a defined contribution pension plan, companies help workers save and invest for retirement.