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Sharing Success
Teradyne believes in sharing the companys success with employees. We offer a variety of plans that do just that, and help you save for the future.
Savings Plan Plus
Your personal savings are important to your long-term financial security. Teradyne's Savings Plan Plus program allows you to save additional retirement income, above the benefits provided by social security.
Teradyne matches at least $1 for every $1 you save each year, up to the first 5% of your pay. The match could increase to as high as $1.50 per $1 of your contributions, depending on company performance. You may invest up to 20% of your pay, with either pre-tax of after-tax dollars. The plan offers several investment choices, each managed by Fidelity Investments. You are eligible to enroll in this plan the day you start working for Teradyne.
Cash Profit Sharing Plan
Twice each year (in February and August), our Cash Profit Sharing Plan distributes 10% of the companys pretax profits to all employees. The amount you receive is based on your annual salary. There is no limit to the amount of profit sharing that can be distributed. The skys the limit, based on company performance.
Stock Purchase Plan
Another way to share in the success of our company is through Teradynes Stock Purchase Plan. Employees can invest from 2% to 10% of their pay to this plan. Your contributions for the year will be put towards the purchase of Teradyne stock, at the lower of the per share price on the first or last day of the plan year. And you buy that stock at a 15% discount.
Other Great Benefits
Career Development
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