Iteris, Inc. Benefits

At Iteris, Inc., they provide several types of pension and welfare benefits for their employees. Like Iteris, Inc. employees, a large number of American workers take advantage of employer-funded group health benefits, through which a significant percentage of each employee's health insurance premium is paid for by their employer. In this system, companies are given tax deductions for their contributions and employees are given the benefits tax-free. Iteris, Inc. offers health, dental, and vision plans. Iteris, Inc. also provides group life insurance, short-term disability insurance for accidents or illness, long-term disability insurance, and death benefits, which cover certain causes of death. To help ensure a steady source of money later in life, many workers participate in employer-sponsored pension plans. Iteris, Inc. provides defined contribution pension plans. With a defined contribution pension plan, companies help workers save and invest for retirement.