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Retirement & Financial Benefits
Defined Benefit Pension Plan
Defined Contribution Pension Plan
Health & Insurance Benefits
Long-term Disability Insurance
At Locke Insulators, Inc., they offer a few pension plans and other perks. Like Locke Insulators, Inc., a large number of American businesses fund health insurance, through which a large percentage of each employee's health insurance premium is covered by their employer. These contributions are tax deductible for businesses and tax-free for workers. Locke Insulators, Inc. offers health, dental, and vision coverage. Locke Insulators, Inc. also offers group life insurance and long-term disability insurance. To help ensure a stable stream of money later in life, numerous workers rely on employer-funded pension plans. Locke Insulators, Inc. provides defined benefit pension plans and defined contribution pension plans. With a defined benefit retirement plan, workers are given predetermined compensation when they retire. With a defined contribution retirement plan, employers help employees save and invest for retirement.
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