Tom Wood Benefits

At Tom Wood, workers receive some pension and welfare benefits. Countless American companies, like Tom Wood, fund group health coverage for their employees, through which a considerable portion of each worker's health insurance premium is funded by their employer. In this arrangement, employers receive tax deductions for their contributions and employees are provided with the benefits tax-free. Tom Wood provides health and dental insurance. Tom Wood also provides group life insurance and death benefits, which cover certain causes of death. To help ensure a reliable income source later in life, a large number of employees take advantage of employer-funded pension plans. Tom Wood offers defined contribution pension plans. With a defined contribution retirement plan, employers help employees save and invest for retirement.