Employee Benefits

We offer comprehensive and quality benefits to meet the needs of our employees and their family members.

• Competitive Health Insurance

  TSMC Washington offers employees a choice of two medical plans and dental plans. Group medical plan options are through Regence Blue Cross/Blue Shield or Kaiser Permanante. Dental plan options are through Washington Dental Service or Kaiser Permanente. We are pleased to be able to provide these plans at a low cost to employees.   
  
  Access to Machine Readable Files for Regence Blue Cross Blue Shield of Oregon plan: https://www.regence.com/transparency-in-coverage/
      (Will need to enter Taxpayer Identification Number (TIN) of group: 911725015) 
  
  Access to Machine Readable Files for Kaiser Permanente Group NW plan: files will be available on www.kp.org

• Life Insurance Plan

  While all employees are provided with a basic life and basic accidental death and dismemberment insurance plan at no cost, employees have the option to purchase additional supplemental life and voluntary accidental death and dismemberment insurance at competitive rates.

• 401(k) Retirement Plan

  We want our employees to meet their financial & investment objectives for retirement. Our fully-loaded 401(k) plan is an excellent tool our employees can use to achieve these goals.
  • We match 100% of the first 3% & 50% of the next 3% in employee contributions
  • All match dollars are immediately vested
  • In addition to Traditional (pre-tax) contributions, our employees have the option of making Roth (post-tax) contributions
  • In addition to the Plan's core mutual fund options, our employees have the option of investing in any mutual fund through the Plan's self-directed brokerage account feature
  • We frequently invite our 401(k) service provider onsite to deliver financial seminars & individual financial consultations.

• Disability Plans

  Short and long-term disability benefits are provided to all employees at no cost.

• Employee Stock Purchase Plan

  Through the TSMC Employee Stock Purchase Plan (ESPP), employees have the opportunity to purchase TSMC's American Depositary Shares which represent common shares of TSMC. After each purchase, you decide the best use for the stock you acquire through the ESPP.

• Health Spending Accounts

  HSAs allows employees to set aside pre-tax dollars to pay for eligible health expenses, save for future medical expenses, and earn money on those saved dollars while they are in the account. The dollars also carryover from year to year; there is no "use it or lose it" rule, and the account is portable so you keep it if employees retire or change jobs. TSMC Washington will also contribute to employees accounts on their behalf.  

  1. An HSA is triple tax-advantaged:
     

     • Your contributions are pre-tax
     • Withdrawals for qualified healthcare expenses are tax-free 
     • Money grows tax-free  

• Employee Assistance Program

  We consider emotional health to be essential to our employees’ overall wellness. Our Employee Assistance Program is a confidential service provided by a third party that gives TSMC Washington employees access to a multitude of resources and counseling services to help assist through many of life's challenges.

• Tuition Assistance Program

  We provide financial assistance for approved courses, professional training and certifications that are not offered internally at TSMC Washington.

• Time Off Program

  Time Off hours accrue each pay period. The types of time off vary by job role. Employees in exempt roles accrue one bank of time off to use for vacation, sick time and/or other personal needs. Employees in nonexempt roles accrue sick time and TOP (vacation) time in separate accounts. Your time off hours begin accruing at a set rate the day you start work and may be used in accordance with the time off policy as soon as displayed in your account each pay period. We encourage you to use the hours that you accrue to maintain a healthy work/life balance.

  We also observe ten holidays each year, which include: New Year's Day, Martin Luther King Jr, Day, President's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Day after Thanksgiving, Christmas Eve, and Christmas Day.