Renfro Corporation Benefits

Renfro Corporation offers many pension and welfare benefits. Like Renfro Corporation workers, many members of the American workforce take advantage of group health benefits sponsored by their employer, through which employers typically cover a significant portion of their employees' health insurance premiums. These contributions are tax deductible for companies and tax-free for employees. Renfro Corporation provides health, dental, and vision insurance. Renfro Corporation also offers group life insurance, short-term disability insurance for accidents or illness, and long-term disability insurance. To help ensure a reliable cash flow later in life, a large number of employees depend on employer-financed pension plans. Renfro Corporation offers defined benefit pension plans and defined contribution pension plans. Companies with defined benefit retirement plans pay workers a predetermined sum when they retire. With a defined contribution retirement plan, companies help employees save and invest for retirement.