Most Popular Benefits
Paid Holidays / Vacation
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Paid Sick Leave
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Retirement & Financial Benefits
Defined Benefit Pension Plan
Defined Contribution Pension Plan
Health & Insurance Benefits
Temporary Disability Insurance
Long-term Disability Insurance
Accidental Death & Dismemberment Insurance
Master Lock Company offers several retirement and welfare benefits to promote employee well-being. Like Master Lock Company, numerous American employers fund health coverage for their employees, through which companies typically cover a considerable portion of their employees' health insurance premiums. These contributions are tax deductible for businesses and tax-free for workers. Master Lock Company provides health, dental, and vision coverage. Master Lock Company also offers group life insurance, short-term disability insurance for accidents or illness, long-term disability insurance, and death benefits, which cover certain causes of death. Employer-provided retirement plans help to secure a stable stream of money later in life. Master Lock Company offers defined benefit pension plans and defined contribution pension plans. With a defined benefit pension plan, employees are provided with fixed payments upon retirement. With a defined contribution pension plan, employers help employees save and invest for retirement.
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