The Andersons, Inc Benefits

The Andersons, Inc employees are provided with several types of pension and welfare benefits. Numerous American employers, like The Andersons, Inc, sponsor group health benefits for their employees, through which employers typically pay a sizable percentage of their employees' health insurance premiums. In this setup, companies collect tax deductions for their contributions and employees receive the plans tax-free. The Andersons, Inc provides health, dental, and vision plans. The Andersons, Inc also offers death benefits, which cover certain causes of death, group life insurance, and long-term disability insurance. Employer-funded retirement plans help to guarantee a steady cash stream later in life. The Andersons, Inc offers defined benefit pension plans and defined contribution pension plans. Employers with defined benefit pension plans pay retirees a fixed sum when they retire. With a defined contribution retirement plan, companies help workers save and invest for retirement.