Teradyne believes in sharing the company’s success with employees through a range of programs including a customized savings plan, profit sharing and discounted stock purchases.

Savings Plan Plus (SPP)
We believe in letting you decide how best to reach your financial goals. That’s why our SPP program, administered through Fidelity Investments, offers over 20 investment choices. Your personal savings are important to your long-term financial security. Teradyne's SPP program allows you to save additional retirement income, above the benefits provided by Social Security.

The SPP program compounds your retirement savings by matching your contributions. Most employees are eligible for company matching contributions. Teradyne will contribute $1 for each $1 you contribute up to 4% of eligible compensation. You may invest up to 50% of your pay, with either pre-tax or after-tax dollars, and are eligible to enroll in this plan the day you start working for Teradyne.

Profit Sharing Plan
Twice a year, our profit sharing plan distributes 10% of the company's pre-tax profits to eligible 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. (Please note: LitePoint, Universal Robots, MiR, Energid and AIT do not participate in this program.)

Stock Purchase Plan
Another way to share in the company’s success is through the stock purchase plan. Employees can invest between 2% and 10% of their pay with this plan every six months. Your contributions will be put towards the purchase of Teradyne stock, available at a 15% discount.

Disability Benefits
Short-Term Disability
If you are hospitalized overnight or are out of work for more than five consecutive work days due to a non-work related injury or illness, Teradyne’s short-term disability plan will provide 75% of your salary for the first 90 days of disability and 60% for the next 90 days (275 days in California). Teradyne pays for short-term disability coverage up to $50,000 of your salary per year. If you earn more than that, you may purchase additional low-cost coverage up to the amount of your total salary.

Long-Term Disability
If you are hospitalized or out of work as a result of an illness or accident for more than 180 days (365 days in California), Teradyne’s long-term disability plan pays 60% of your salary. Teradyne pays the entire cost of this benefit.

Long-Term Care
Long-term care involves personal care for people with a prolonged physical illness, disability or cognitive disorder. Long-term care insurance helps cover the cost of services received in your home or in facilities such as an assisted living facilities, adult day care centers or conventional nursing homes.

Life Insurance
Teradyne’s life insurance plan provides basic coverage of 1.5 times your annual earnings. Teradyne pays the entire cost of this coverage. You may also choose to purchase supplemental life insurance and Accident, Death & Personal Loss coverage for up to five times your annual earnings.

Spouse/Domestic Partner and Dependent Child Coverage
Teradyne employees can purchase life insurance at a low group rate for spouses, domestic partners and dependent children.

Travel Accident Insurance
Teradyne’s travel accident insurance provides coverage for accidental death or dismemberment while traveling on company business.

Medical Coverage
Teradyne offers a variety of medical plans to meet the needs of you and your family. Our plans offer comprehensive care for you, your spouse or domestic partner and children. Your health benefits begin the day you start at Teradyne.

Dental Coverage
Teradyne offers a high-quality dental plan through Delta Dental. The plan covers diagnostic, preventive and restorative treatments, as well as orthodontic services for children and adults.

Vision Care Coverage
Through Vision Services Plan (VSP), a nationwide network of more than 28,000 independent optometrists and ophthalmologists, Teradyne employees are given exceptional eye care coverage. Teradyne’s plan covers annual eye exams, lenses and frames, as well as other services.

Reimbursement Accounts
Teradyne offers four pre-tax reimbursement accounts for expenses not covered by other plans. Certain limits apply for each plan.

Health Care Account
You can use this account for the reimbursement of certain medical expenses that are not covered by our health, dental or vision care plans, including deductibles and co-payments.

Dependent Care Account
You can use this account for the reimbursement of childcare, elder care and disabled care of family members who live with you and whom you claim for tax purposes.

Adoption Care Account
You can use this account for the reimbursement of adoption-related expenses, including fees for adoption agencies and attorneys, court costs and travel expenses.

TransitFlex Account
You can use the TransitFlex account for reimbursement of fares if you use public transportation to commute to work. You may also use the parking component of TransitFlex if you park at a public lot when you take public transportation.

Educational Assistance
Teradyne pays 100% of the up-front cost for any educational course related to your work or as part of a degree program at an accredited school (maximum caps apply), including tuition, lab fees and books. (Minimum grade requirements apply.)

Internal Classes
Teradyne offers continuous learning courses for employees, including computer training, management and leadership classes, technical classes and more.

Internal Job Postings
Our internal job postings help you to advance your career with Teradyne. Current employees are given first consideration for job openings.

Employee Referral Program
Employees are encouraged to recommend candidates from outside the company for jobs at Teradyne. Teradyne pays a bonus to employees who refer someone who is hired.

Time Off and Holidays
Teradyne offers an all-purpose time-off program. You’ll receive 15 to 30 days off per year depending on your length of service with the company. In addition, Teradyne provides 8.5 company paid holidays each year and 2 flex holidays that you can use any time you want.

Voluntary Benefits
Car and homeowners insurance – MetLife offers Teradyne employees a discount on premiums for car, homeowners and rental insurance.

Group Legal – Services include wills, real estate closings, debt collection, identity theft defense and more.

MetDESK – Benefits for children or other dependents with special needs.

Pet Insurance – Underwrites your pet with a policy to cover thousands of medical problems and conditions, including hospitalization, lab fees and surgeries.

LifeWorks™
Teradyne offers Ceridian’s LifeWorks program as a resource to help you balance work, education, family and other issues that are important to you. LifeWorks provides a network of counselors who are available to consult with you over the phone and refer you to other resources in your area.

Health Centers
Many Teradyne locations offer access to on-site gym and workout facilities, as well as health enrichment programs including fitness appraisals, weight and stress management classes, various sports leagues and fitness training.

Discounts
Most locations offer discounts on local and national amenities, such as movie passes and amusement parks.