Answer:

Retirement plans: A 401(k) or a 403(b) is a retirement plan named for the section of the tax code that governs it. (WSJ). A 401(k) plan can be an important tool for a small business to attract and retain employees.

A Pension Plan is a defined benefit plan in which the employer and employee make contributions to this plan. After becoming 100% vested into the plan, employees are eligible to receive a lifetime monthly benefit when they retire. The benefit is based on age, years of creditable service, the value of each year of service, and your highest 5 year average final compensation. The plan includes options for survivor benefits, health insurance subsidy and disability benefits.

Flexible working benefits, such as telecommuting, flextime and compressed workweeks, encourage work-life balance and can result in higher productivity and more engaged employees.

Medical insurance covers hospital and doctor visits, surgeries, and prescriptions. Employers usually cover a portion of this premium.

Dental insurance covers annual exams and cleanings, X-rays, and sometimes fluoride treatments; and policies emphasize prevention and diagnostics.

Vision insurance help employees cover and budget for ongoing vision care expenses like routine eye exams, prescription glasses, and contact lenses.

Flexible Spending Accounts are special accounts that employees put money into that they use to pay for certain out-of-pocket health care costs. Employees don't pay taxes on this money, which means they save an amount equal to the taxes they would have paid on the money you set aside. Employer may make contributions to their FSA, but they aren't required to. The amount you elect must be used in that plan year.

Life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death.

Step-by-step explanation

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