SPX Corporation Benefits

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Most Popular Benefits

Benefit/Perk
Employees
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71
401(k)
71 employees
Paid Holidays / Vacation
45 employees
Life Insurance/Disability
35 employees
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Cell Phone
27 employees
Education/Training/Tuition/Certification Reimbursement
24 employees
Paid Sick Leave
23 employees
Casual Dress/Atmosphere
16 employees

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
SPX Corporation provides several retirement and welfare benefits. Like SPX Corporation, many American companies fund health coverage for their employees, through which businesses typically pay a significant portion of their employees' health insurance premiums. In this arrangement, businesses are given tax deductions for their contributions and workers collect the plans tax-free. SPX Corporation offers health, dental, and vision coverage. SPX Corporation also offers 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 stable cash flow later in life, countless employees avail themselves of employer-financed pension plans. SPX Corporation provides defined benefit pension plans and defined contribution pension plans. Employees at companies with defined benefit retirement plans are provided with a fixed sum when they reach retirement. With a defined contribution retirement plan, employers help employees save and invest for retirement.

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