Professional Documents
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YOUR LIFE
2017
2017
REFINED CHOICES TO ENERGIZE YOUR LIFE
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Benefit/Program Key Features Contributions and Details
HEALTH SAVINGS ACCOUNT/FLEXIBLE SPENDING ACCOUNTS
Health Savings Account (HSA) •• Reimbursement of qualified health care •• Available with Value Plus Plans Only
expenses. Employee contributions:
•• Before-tax election. •• Up to $2,900 Individual, $5,750 Family
Tesoro contributions:
•• $500 Individual, $1,000 Family
Health Care Flexible Spending •• Reimbursement of qualified health care •• Voluntary; employee contributes 100%.
Account (FSA) expenses. •• $2,550 annual maximum.
•• Before-tax election.
Dependent Care Flexible Spending •• Reimbursement of qualified dependent •• Voluntary; employee contributes 100%.
Account (FSA) daycare expenses. •• $5,000 annual maximum.
•• Before-tax election.
FINANCIAL SECURITY
Thrift 401(k) Plan •• All employees immediately eligible to Employee contributions:
contribute. •• 1% to 50% of eligible pay on a before-
•• Immediate vesting in your own tax, Roth or after-tax basis in any
contributions. combination.
•• One-year vesting in company •• Additional before-tax catch-up
contributions. contributions available if age 50 or older.
•• Investment options include a range of Tesoro contributions:
diversified funds, including Tesoro stock. •• Company match
•• Investment advice services available –– 100% match up to 6% of base pay.
through Financial Engines. –– Provided on before-tax and Roth
•• Loans and in-service withdrawals available. contributions only.
•• Profit sharing contribution
–– Additional discretionary contribution up
to 4% of base pay.
–– Amount determined based on company
performance.
Retirement Plan (Pension) •• Cash Balance formula with quarterly •• Tesoro pays 100% of the cost:
contributions based on pay, age and –– Quarterly contributions (4.5% to 8.5%
interest. of pay based on age)
•• Three-year vesting. –– Account earns interest quarterly
•• Distribution options include lump sum and •• No employee contributions.
various annuity options.
Group Term Life Insurance •• Protection for survivors to help meet •• Tesoro pays 100% of the cost.
financial obligations in the event of your
death.
•• 2x annual base pay coverage; $1 million
maximum.
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2017
REFINED CHOICES TO ENERGIZE YOUR LIFE
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Benefit/Program Key Features Contributions and Details
WELLNESS
Choose Well Program •• Companywide wellness program, •• Tesoro pays 100% of the cost.
including:
–– Financial incentives
–– Biometric testing
–– Health risk assessment
–– Local site programs
Tobacco Cessation Program •• Phone-based counseling with unlimited •• Tesoro pays 100% of the cost.
inbound calls.
•• Nicotine patches and gum.
•• Online and texting tools.
•• Spouses eligible.
Weight Loss Program •• Phone-based counseling with unlimited •• Tesoro pays 100% of the cost.
inbound calls.
•• Dedicated coach for up to 11 targeted
sessions.
•• Online tools.
•• Spouses eligible.
Fitness Center Reimbursement •• Fitness program to support health and •• 50% of a one-time enrollment fee, up to
weight management for employees. $100 reimbursed by Tesoro.
•• Tesoro reimburses 50% of monthly fitness
center dues, up to $55.
•• Must satisfy minimum attendance and
other participation requirements.
Weight Watchers® Reimbursement •• Flexible options to support weight •• Tesoro reimburses 50% of the cost.
management through: •• One option reimbursed at a time.
–– At-work and local meetings •• Must satisfy minimum attendance and
–– Online subscriptions other participation requirements.
WORK/LIFE BENEFITS
Vacation Paid vacation based on years of service: •• Tesoro pays 100% of the cost.
•• <5 years: 2 weeks
•• 5 – 9 years: 3 weeks
•• 10 – 19 years: 4 weeks
•• 20 – 29 years: 5 weeks
•• 30+ years: 6 weeks
•• Exempt-level employees with prior
job-related, exempt-level work experience
are eligible for up to 10 years additional
service credit.
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2017
REFINED CHOICES TO ENERGIZE YOUR LIFE
This program preview is intended as an easy-to-read outline of benefits and programs offered at Tesoro Corporation. Every effort
has been made to make this program preview as accurate as possible. Should a conflict arise between the information in this
program preview and the Benefits Plan(s) or Tesoro policies, the Benefits Plan(s) or policies will govern. Tesoro reserves the right to
amend or discontinue any or all parts of any benefit or program at any time. Compensation and benefit programs for represented
employees will be subject to collective bargaining agreements.
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Notes:
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19100 Ridgewood Parkway
San Antonio, TX 78259
tsocorp.com