Wise Foods, Inc. Benefits

At Wise Foods, Inc., they provide many retirement and welfare benefits. Like Wise Foods, Inc., numerous American businesses provide group health benefits, through which a large portion of each worker's health insurance premium is paid for by their employer. In this system, companies receive tax deductions for their contributions and workers collect the plans tax-free. Wise Foods, Inc. provides vision, health, and dental plans. Wise Foods, Inc. also offers death benefits, which cover certain causes of death, group life insurance, short-term disability insurance for accidents or illness, and long-term disability insurance. Employer-provided retirement plans help to secure a steady source of money later in life. Wise Foods, Inc. offers defined benefit pension plans and defined contribution pension plans. A defined benefit retirement plan pays employees a predetermined sum when they retire. With a defined contribution pension plan, companies help employees save and invest for retirement.