30 Nov 2015
Anonymous employee
TSP Response
10yThank you for your valuable feedback. As everyone has seen and witness over the past 5 years, the world of benefits has changed exponentially. We have recently switched benefits brokerage firms to the largest privately-held consulting broker in the US. With our open enrollment approaching in March 2016, we are actively involved in benefits benchmarking and trend analysis to make appropriate adjustments to TSP benefits to provide a better experience for all employees.
You are correct that our 401k does have a vesting schedule; however we have many longer-term employees outside of the main office, management, and Texas. In fact, I ran a recent report to get hard analytics on our numbers. For employee with 4 years or more of tenure:
* 43% are in our Enterprise Solutions business unit
* 17% are in our Industrial Automation Solutions (*started in 2010) business unit
* 24% are in our Shared Solutions business unit
* 16% (the smallest percentage) are in our Corporate/Main office
* 45% of our employees live in the state of Texas. 36% of employees with 4 years or more of tenure reside in a state other than Texas.
We have learned a lot in our short company history; however, we still have a ways to go and we are sincerely appreciative of the candid feedback. We strive to listen not only to our customers but also to our employees to make TSP a better place!