The Manitowoc Company, Inc. Benefits

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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
Severance Pay
Health Insurance
Life Insurance
Dental Insurance
Vision Insurance
Temporary Disability Insurance
Long-term Disability Insurance
Accidental Death & Dismemberment Insurance
At The Manitowoc Company, Inc., they provide several types of pension and welfare benefits for their employees. A large number of employees in the United States, like The Manitowoc Company, Inc. workers, take advantage of employer-funded health plans, through which companies typically cover a significant portion of their employees' health insurance premiums. In this arrangement, companies receive tax deductions for their contributions and workers are given the insurance tax-free. The Manitowoc Company, Inc. offers health, dental, and vision coverage. The Manitowoc Company, 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. Employer-financed retirement plans help to ensure a dependable cash source later in life. The Manitowoc Company, Inc. provides defined benefit pension plans and defined contribution pension plans. With a defined benefit retirement plan, workers collect predetermined compensation when they reach retirement. With a defined contribution pension plan, employers help employees save and invest for retirement.

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