Shawmut Corporation Benefits

At Shawmut Corporation, they provide some retirement plans and amenities. Many American employees, like Shawmut Corporation workers, use health insurance funded by their employer, through which a significant percentage of each employee's health insurance premium is funded by their employer. These contributions are tax deductible for companies and tax-free for employees. Shawmut Corporation provides health and dental benefits. Shawmut Corporation also offers group life insurance and long-term disability insurance. Employer-provided retirement plans help to ensure a reliable flow of income later in life. Shawmut Corporation provides defined contribution pension plans. With a defined contribution pension plan, businesses help workers save and invest for retirement.