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Retirement & Financial Benefits
Profit Sharing
401(k) Plan
Defined Benefit Pension Plan
Defined Contribution Pension Plan
At Magnetek, Inc., they provide retirement savings plans for their workers. To help secure a stable cash stream later in life, numerous workers depend on employer-sponsored pension plans. Magnetek, Inc. provides defined benefit pension plans and defined contribution pension plans. With a defined benefit pension plan, retirees are given predetermined payments when they reach retirement. With a defined contribution pension plan, businesses help employees save and invest for retirement.
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