Lufkin Industries, Inc. Benefits

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Most Popular Benefits

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Employees
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3
401(k)
3 employees
Cell Phone
2 employees
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Benefits Summary

Retirement & Financial Benefits
401(k) Plan
Profit Sharing
Defined Benefit Pension Plan
Defined Contribution Pension Plan
Health & Insurance Benefits
Life Insurance
Long-term Disability Insurance
Accidental Death & Dismemberment Insurance
Vision Insurance
Dental Insurance
Health Insurance
At Lufkin Industries, Inc., they provide several pension and welfare benefits. Like Lufkin Industries, Inc., numerous American employers sponsor group health benefits, through which employers typically cover a considerable proportion of their workers' health insurance premiums. These contributions are tax deductible for businesses and tax-free for workers. Lufkin Industries, Inc. offers vision, dental, and health insurance. Lufkin Industries, Inc. also provides group life insurance, long-term disability insurance, and death benefits, which cover certain causes of death. To help ensure a steady stream of income later in life, a large number of workers depend on employer-financed retirement plans. Lufkin Industries, Inc. offers defined benefit pension plans and defined contribution pension plans. With a defined benefit retirement plan, workers receive predetermined payments upon retirement. With a defined contribution retirement plan, companies help employees save and invest for retirement.

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