Wofford College Benefits

Wofford College provides some retirement benefits and welfare benefits. Many American companies, like Wofford College, provide group health plans for their employees, through which a significant proportion of each employee's health insurance premium is funded by their employer. These contributions are tax deductible for employers and tax-free for employees. Wofford College provides health plans. Wofford College also offers group life insurance and long-term disability insurance. To help secure a steady income flow later in life, a large number of workers use employer-financed retirement plans. Wofford College offers defined contribution pension plans. With a defined contribution retirement plan, employers help employees save and invest for retirement.