Hanesbrands, Inc. Benefits

Hanesbrands, Inc. workers collect some pension and welfare benefits. Countless companies in the United States, like Hanesbrands, Inc., fund group health benefits, through which companies typically cover a sizable proportion of their workers' health insurance premiums. In this setup, employers receive tax deductions for their contributions and employees are provided with the insurance tax-free. Hanesbrands, Inc. provides health, dental, and vision benefits. Hanesbrands, Inc. also provides long-term disability insurance, group life insurance, and death benefits, which cover certain causes of death. To help secure a steady money source later in life, a large number of workers take advantage of employer-provided pension plans. Hanesbrands, Inc. offers defined benefit pension plans. With a defined benefit retirement plan, workers are given fixed payments upon retirement.