Team Industries, Inc. Benefits

Team Industries, Inc. provides many retirement and welfare benefits. A large number of employees in the United States, like Team Industries, Inc. workers, enroll in group health plans funded by their employer, through which businesses typically cover a sizable percentage of their employees' health insurance premiums. In this system, employers receive tax deductions for their contributions and employees collect the insurance tax-free. Team Industries, Inc. offers health, dental, and vision insurance. Team Industries, Inc. also offers group life insurance, short-term disability insurance for accidents or illness, long-term disability insurance, and death benefits, which cover certain causes of death. To help secure a steady stream of cash later in life, many workers take advantage of employer-provided retirement plans. Team Industries, Inc. offers defined contribution pension plans. With a defined contribution pension plan, companies help employees save and invest for retirement.