2017

REFINED CHOICES TO ENERGIZE YOUR LIFE

Your Tesoro Benefits...

AT A GLANCE

REFINED CHOICES TO ENERGIZE

YOUR LIFE
2017
2017
REFINED CHOICES TO ENERGIZE YOUR LIFE

Benefit/Program Key Features Contributions and Details

PAY
Base Pay •• Market-competitive pay levels designed •• Biweekly pay schedule.
to attract and retain exceptional talent,
while rewarding the highest level of
performance.
Incentive Compensation Program •• Annual bonus program that rewards •• Similar to base salary, bonus targets are
(ICP) employees for achievement of corporate, determined using competitive market
business unit and/or individual goals. data.
•• Additional Individual Discretionary Award
(IDA) designed to reward exceptional
individual performance.
Long Term Incentive Program (LTI) •• Equity-based awards for eligible •• Eligibility and awards determined using
employees. competitive market data.
•• Payout tied to specific company
performance metrics.
HEALTH1
Medical •• Tesoro self-insured medical plans •• Tesoro pays 80% of the base/traditional
administered by BlueCross BlueShield: plan cost.
–– Tesoro Value Plus Plan with Health •• Employee pays the excess of total
Savings Account premium over the base/traditional
–– Tesoro Preferred Provider Organization plan cost.
(PPO) Base Plan •• HSA Company Contribution
In Utah and Wyoming: –– $500 – Single
–– Tesoro Traditional Value Plus Plan with –– $1,000 – Family
Health Savings Account
–– Tesoro Traditional Plan
•• Additional HMOs and PPOs available in
some areas.
•• Spouse, domestic partner and dependent
coverage available.
Dental •• Dental PPO. •• Tesoro pays 80% of the cost.
•• Dental DMO also available in California, •• Employee pays 20% of the cost.
Colorado, Texas, Utah and Washington. •• May be elected independent of Medical
•• Administered by Aetna. and Vision plans.
•• Spouse, domestic partner and dependent
coverage available.
Vision •• Administered by Vision Service Plan (VSP). •• Tesoro pays 80% of the cost.
•• Spouse, domestic partner and dependent •• Employee pays 20% of the cost.
coverage available. •• May be elected independent of Medical
and Dental plans.

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Benefit/Program
HEALTH SAVINGS ACCOUNT/FLEXIBLE SPENDING ACCOUNTS
Health Savings Account (HSA)
Health Care Flexible Spending
Account (FSA)
Dependent Care Flexible Spending
Account (FSA)
FINANCIAL SECURITY
Thrift 401(k) Plan
Retirement Plan (Pension)
Group Term Life Insurance
Key Features
•• Reimbursement of qualified health care
expenses.
•• Before-tax election.
•• Reimbursement of qualified health care
expenses.
•• Before-tax election.
•• Reimbursement of qualified dependent
daycare expenses.
•• Before-tax election.
•• All employees immediately eligible to
contribute.
•• Immediate vesting in your own
contributions.
•• One-year vesting in company
contributions.
•• Investment options include a range of
diversified funds, including Tesoro stock.
•• Investment advice services available
through Financial Engines.
•• Loans and in-service withdrawals available.
•• Cash Balance formula with quarterly •• Tesoro pays 100% of the cost:
contributions based on pay, age and
interest.
•• Three-year vesting.
•• Distribution options include lump sum and •• No employee contributions.
various annuity options.
•• Protection for survivors to help meet
financial obligations in the event of your
death.
•• 2x annual base pay coverage; $1 million
maximum.
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Contributions and Details
•• Available with Value Plus Plans Only
Employee contributions:
•• Up to $2,900 Individual, $5,750 Family
Tesoro contributions:
•• $500 Individual, $1,000 Family
•• Voluntary; employee contributes 100%.
•• $2,550 annual maximum.
•• Voluntary; employee contributes 100%.
•• $5,000 annual maximum.
Employee contributions:
•• 1% to 50% of eligible pay on a before-
tax, Roth or after-tax basis in any
combination.
•• Additional before-tax catch-up
contributions available if age 50 or older.
Tesoro contributions:
•• Company match
–– 100% match up to 6% of base pay.
–– Provided on before-tax and Roth
contributions only.
•• Profit sharing contribution
–– Additional discretionary contribution up
to 4% of base pay.
–– Amount determined based on company
performance.
–– Quarterly contributions (4.5% to 8.5%
of pay based on age)
–– Account earns interest quarterly
•• Tesoro pays 100% of the cost.
2017
REFINED CHOICES TO ENERGIZE YOUR LIFE

Benefit/Program Key Features Contributions and Details

Accidental Death & Dismemberment •• Covers accidental death or •• Tesoro pays 100% of the cost.
(AD&D) Insurance dismemberment.
•• Up to 2x annual base pay coverage; $1
million maximum.
Occupational Accidental Death •• Coverage for accidental death while in the •• Tesoro pays 100% of the cost.
Insurance course of your job.
(Refinery, Pipeline, Terminal, Biofuel •• $500,000 coverage.
& Gas Gathering/Processing locations
only)
Business Travel Accidental Death & •• Coverage for your accidental death or •• Tesoro pays 100% of the cost.
Dismemberment Insurance dismemberment while traveling on Tesoro
business.
•• Up to 2x annual base pay coverage; $1
million maximum.
Short-Term Disability/ Salary •• Non-Occupational: combination of full •• Tesoro pays 100% of the cost.
Continuation pay and half pay, up to 26 weeks full pay,
based on years of service.
•• Occupational: up to 26 weeks full pay,
then up to 26 weeks half pay.
Long-Term Disability (LTD) Insurance •• After 26 weeks of disability provides 60% •• Tesoro pays 100% of the cost.
of pre-disability pay.
•• Up to $10,000 monthly benefit.
•• Benefits are taxable under IRS regulations.
Supplemental Group Universal Life •• Portable financial protection for you and/ •• Employee pays 100% of the cost on an
(GUL) Insurance MetLife or your survivors to help meet financial after-tax basis.
obligations in the event of death:
–– 1x to 5x salary, up to $750,000
–– Spouse coverage: up to $100,000
–– Child coverage: $5,000 or $10,000
•• Cash accumulation fund available.
MetLife Voluntary Benefits •• Group legal plan providing affordable •• Employee pays 100% of the cost on an
access to attorneys. after-tax basis.
MetLaw (Hyatt Legal Plans)
•• Health benefits for pets, including
MetLife Veterinary Pet Insurance
surgeries, medicine and more.
MetLife Home and Auto •• Employee rates on superior coverage for
your car and home.
InfoArmor Identity Protection •• $1,000,000 Identity Theft insurance policy. •• Tesoro pays 100% of the cost for
•• Full-service identity restoration. employee membership.
•• Identity, financial, social and digital fraud •• Employee pays 100% of monthly cost for
and theft monitoring. family membership upgrade.

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Benefit/Program
WELLNESS
Choose Well Program
Tobacco Cessation Program
Weight Loss Program
Fitness Center Reimbursement
Weight Watchers® Reimbursement
WORK/LIFE BENEFITS
Vacation
Key Features Contributions and Details
•• Companywide wellness program, •• Tesoro pays 100% of the cost.
including:
–– Financial incentives
–– Biometric testing
–– Health risk assessment
–– Local site programs
•• Phone-based counseling with unlimited •• Tesoro pays 100% of the cost.
inbound calls.
•• Nicotine patches and gum.
•• Online and texting tools.
•• Spouses eligible.
•• 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 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.
•• 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.
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

Benefit/Program Key Features Contributions and Details

Educational Assistance Program
Adoption Assistance Program
Employee Assistance Program (EAP)
Holidays and Paid Leave
Scholarship Program
Matching Gift Program
•• Financial assistance for career-related •• Reimbursement for qualifying tuition and
employee educational pursuit. fees up to $5,250 per calendar year for
•• Available to regular, full-time employees undergraduate studies and $9,000 per
who have completed six months of calendar year for graduate studies.
continuous service. •• Grade of “C” or better required for
reimbursement of programs at qualified,
accredited institutions.
•• Provides reimbursement up to $5,000 per •• Maximum lifetime reimbursement is
adoption for qualified adoption expenses. $10,000.
•• Available to full-time employees with at •• Combined limits apply if both adoptive
least one year of service. parents are Tesoro employees.
•• Information, support and resources for •• Tesoro pays 100% of the cost.
Tesoro employees and their families:
–– 24/7 online and telephonic resources
–– Up to three face-to-face sessions per
issue
•• Holidays: generally nine paid holidays plus •• Tesoro pays 100% of the cost.
one floating holiday each year.
•• Military leave.
•• Funeral leave.
•• Jury and civic duty leave.
•• Up to 50 scholarships awarded each year •• Tesoro pays 100% of the cost.
to eligible dependent children of qualified
Tesoro employees.
•• Supports full-time enrollment at accredited
colleges and universities, vocational and
technical schools in U.S. and Canada.
•• $4,000 per year per award, renewable up
to three years.
•• Dollar-for-dollar matching funds on •• Up to $5,000 for accredited two- and
employee gifts to qualified educational four-year U.S. colleges and universities per
institutions and charitable organizations. calendar year.
•• Up to $1,500 for most 501(c)(3)
non-profit organizations (including local
United Ways) and accredited K-12 schools
per calendar year.

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
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