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.

Our benefit programs are designed to take full advantage of tax savings under the IRS Section 125 regulations.  Premiums may be paid on a pre-tax basis, allowing the health, dental & vision premiums to be deducted before taxes are applied to your wages.   Typically, you can expect to save 20-40% on total taxes for all premiums paid on a Section 125 Plan.

  • 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.
  • Dental Insurance – Good oral health is essential to a healthy life.  With dental coverage you can take care of your smile easy with access to the nation’s largest network of dentists, comprehensive benefits, exceptional service, and superior value.
  • Vision Insurance – Quality vision care that focuses on employees’ eyes and overall wellness.  Vision coverage will provide great benefits on exams and eye wear at an affordable price.
  • 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 ensure the holidays are less financially stressful, complete with interest.
  • Vacation – Thompson provides full time employees with up to 2 weeks of vacation time immediately, after completing a 90 day probationary period.  Additional vacation time will increase as service continues.
  • 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 $50,000 Life Insurance coverage at no cost to the employee.
  • 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 deep discounts from the company and pay back the interest free loan 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.

 

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