Modern offers comprehensive retirement savings plans which include the Defined Benefit Pension Plan along with the 457b Deferred Compensation plan.
457 Deferred Compensation Plan is a voluntary plan that allows employees to defer a portion of their eligible bi-monthly earnings via payroll deductions on a pre-tax or after-tax basis (Roth contributions option) to an investment account.
Preparing for income replacement is an important part of a comprehensive benefit program, in the event you become ill or injured outside the workplace. Employees may elect comprehensive plans for both long-term and short-term disability insurance.
Modern provides a basic life insurance to all employees upon hire. Employees may elect additional coverage for themselves, their spouses and/or their children for life and accidental death and dismemberment plan (AD&D).
Just like you insure your car or home, you can get insurance that protects your income. If you become too sick or injured to work, disability insurance can help replace part of your paycheck. Medical insurance pays your doctor — disability insurance pays you.