At TWD, we recognize that our employees are a vital resource. Their efforts and commitment are central to TWD’s long-term record of increasing sales, operating profit, and continuously expanding areas of service.
The resulting strength and stability of our 25-year-old company enable us to offer a competitive employee benefits package that provides for their immediate and long-term welfare. We conduct an annual review of our benefits to ensure that our benefit package provides flexible, meaningful, and cost-effective options for our employees and their families.
TWD offers comprehensive medical, dental, and vision plans to our full-time employees. Plans include an Open Access HMO plan (no referrals required) and a High Deductible/Health Savings Account (HSA) option. The HSA is an excellent way to save money to pay post-retirement health care costs that are not covered by Medicare or other plans.
TWD provides life insurance, Accidental Death and Dismemberment (AD&D) insurance and Long-Term Disability Insurance at no charge to our employees, as well as health care and dependent care Flexible Spending Accounts (FSA). In addition, we offer Short-Term Disability Insurance and AFLAC Income Replacement insurance on an employee-paid, voluntary basis.
TWD offers a qualified 401(k) plan for all employees with a dollar-for-dollar match of employee contributions up to 5% of salary. The 401(k) provides a tax-advantaged method for employees to accumulate funds for retirement. Employees are eligible for participation in the plan from their first day of service. Full vesting is achieved in just two years. The TWD plan features auto-enrollment and an auto-deferral increase to help employees participate in the 401(k) and save more as their salary increases over time.
TWD Employee Stock Ownership Plan (ESOP)
TWD offers a qualified ESOP for all eligible employees. The purpose of the plan is to encourage employees to think like business owners. Their contributions and hard work relate directly to the value and success of our company – and, therefore, benefit them directly: As the value of the company goes up, so does the value of their stock. Employer contributions to the plan accumulate to provide a retirement benefit.
TWD executives, managers and employees participate in incentive bonus plans that reward individual employee achievement in supporting customers or advancing TWD’s business interests and provide both executives and managers a structured, goal oriented program that can result in annual bonuses that comprise a significant portion of their total compensation.
In addition to the benefits already described, TWD offers:
- Paid time away from work including:
- 10 holidays
- Up to five weeks of paid time off (PTO)
- Other forms of leave such as military leave
- Tuition Reimbursement
- Employee Assistance Program (EAP)
- Incentive and referral bonuses
- Metro’s SmartBenefits® program
- Commuter benefits
- Professional Development and Training
- Years of Service Reward and Recognition Program
- Virginia 529 college savings plan – CollegeAmerica®