SPX Corporation Benefits

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Most Popular Benefits

Benefit/Perk
Employees
0
72
401(k)
72 employees
Paid Holidays / Vacation
58 employees
Life Insurance/Disability
43 employees
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Paid Sick Leave
34 employees
Education/Training/Tuition/Certification Reimbursement
33 employees
Cell Phone
28 employees
Casual Dress/Atmosphere
18 employees
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Benefits Summary

Retirement & Financial Benefits
Profit Sharing
401(k) Plan
Defined Benefit Pension Plan
Defined Contribution Pension Plan
Health & Insurance Benefits
Life Insurance
Accidental Death & Dismemberment Insurance
Long-term Disability Insurance
Health Insurance
Dental Insurance
Vision Insurance
Severance Pay
Temporary Disability Insurance
At SPX Corporation, employees receive several types of pension benefits and other perks. Many Americans, like SPX Corporation workers, avail themselves of group health insurance funded by their employer, through which a large portion of each employee's health insurance premium is funded by their employer. In this setup, businesses collect tax deductions for their contributions and workers are given the benefits tax-free. SPX Corporation provides health, dental, and vision plans. SPX Corporation also provides group life insurance, death benefits, which cover certain causes of death, long-term disability insurance, and short-term disability insurance for accidents or illness. To help ensure a dependable money flow later in life, a large number of workers take advantage of employer-funded pension plans. SPX Corporation provides defined benefit pension plans and defined contribution pension plans. With a defined benefit pension plan, retirees are given predetermined compensation when they retire. With a defined contribution retirement plan, businesses help workers save and invest for retirement.

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