Renfro Corporation Benefits

Renfro Corporation provides several options for pension and welfare benefits for their employees. A large number of American workers, like Renfro Corporation workers, depend on health insurance funded by their employer, through which a significant percentage of each employee's health insurance premium is paid for by their employer. In this setup, businesses are given tax deductions for their contributions and employees are given the plans tax-free. Renfro Corporation provides health, dental, and vision benefits. Renfro Corporation also provides group life insurance, short-term disability insurance for accidents or illness, and long-term disability insurance. Employer-provided retirement plans help to secure a steady stream of money later in life. Renfro Corporation provides defined benefit pension plans and defined contribution pension plans. Workers at companies with defined benefit retirement plans collect a fixed amount upon retirement. With a defined contribution retirement plan, employers help workers save and invest for retirement.