Genentech, Inc. Benefits

At Genentech, Inc., they offer many options for retirement benefits and other amenities for their workers. Many employers in the United States, like Genentech, Inc., finance health coverage, through which a considerable portion of each worker's health insurance premium is covered by their employer. In this setup, businesses are provided with tax deductions for their contributions and workers are provided with the benefits tax-free. Genentech, Inc. offers health, dental, and vision benefits. Genentech, Inc. also provides 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-funded retirement plans help to guarantee a dependable source of income later in life. Genentech, Inc. offers defined contribution pension plans. With a defined contribution pension plan, businesses help employees save and invest for retirement.