Lochridge-Priest Inc. Benefits

At Lochridge-Priest Inc., they provide a few retirement and welfare benefits. Like Lochridge-Priest Inc., a large number of companies in the United States sponsor group health benefits for their employees, through which a significant portion of each worker's health insurance premium is covered by their employer. In this arrangement, companies receive tax deductions for their contributions and workers are provided with the plans tax-free. Lochridge-Priest Inc. provides health, dental, and vision insurance. Lochridge-Priest Inc. also provides group life insurance. To help secure a reliable income stream later in life, numerous workers enroll in employer-financed retirement plans. Lochridge-Priest Inc. provides defined contribution pension plans. With a defined contribution pension plan, employers help employees save and invest for retirement.