Employee Benefits

TM PEOPLE Image 0716 2Thompson Machinery provides a complete benefits portfolio aimed at providing flexible insurance protection and programs to meet your ever-changing needs. Thompson Machinery shares the cost of some benefits with you, while making additional benefits available that you pay for, if you choose to enroll.

  • Medical/Hospital/Prescription – Thompson’s medical plan assures employee and family coverage and services that are comprehensive, flexible and confidential.
  • Medical Incentive Account (MIA) – Thompson provides first dollar coverage for medical & prescription expenses.
  • Healthy Lifestyle Discounts – To encourage health lifestyles, Thompson offers full-time employees enrolled in the medical plan discounts for being a non-smoker and for participating in the annual Wellness Program.
  • 401k (Retirement Savings) – Thompson Machinery encourages employees to begin planning and saving for their retirement years as early as possible. Newly hired employees are automatically enrolled at 3% of gross pay.
  • Profit Sharing – Build a career with Thompson and you will be automatically enrolled into the Profit Sharing Plan after one year of service. Thompson Machinery sets aside a significant amount of before-tax profits each year for profit sharing.
  • Credit Union – To expand an employee’s checking and savings options, Thompson employees have the opportunity to join the CEFCU Credit Union offering reduced rates, payroll deductions and easy access.
  • Christmas Club Savings – To assist in saving for holiday expenses, employees can set aside (after-tax) a portion of each check to a Christmas Club account to insure the holidays are less financially stressful, complete with interest.
  • Vacation Time – Thompson provides full time employees with 2 weeks of vacation time after 1 year of service.
  • Paid Holidays – Thompson pays the following Holidays: New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day.
  • Floating & Veteran Holiday – All employees get one paid Floating holiday per year to use at any time. Thompson also recognizes military service by providing a paid Veteran Holiday to all service members to use at any time.
  • Basic Life Insurance – All full time Thompson employees are provided with $25,000 Life Insurance coverage at no cost to them.
  • Supplemental Life – Additional Life Insurance coverage can be purchased up to $300,000.
  • Accidental Death & Dismemberment (AD&D) – To further protect your family in the event of accidental death or dismemberment; coverage up to $300,000 is available for employee and family.
  • Tool Purchase Assistance – Service Technicians have the opportunity to purchase high quality hand and air tools at a discount from the company and pay back through payroll deductions.
  • Uniforms – To eliminate wear and tear on personal clothing, eligible employees are provided work uniforms and professional cleaning services.
  • Training & Development – Thompson offers a full range of safety, technical, computer and leadership training to qualified employees.
  • Drug Free Workplace – For the health and safety of our employees, Thompson maintains a drug-free work place and conducts random drug screening to encourage compliance.
  • Corporate Incentive Program – Incentive bonuses are awarded company-wide to eligible, full-time employees when specific monthly, quarterly, and/or annual goals are achieved.