Retirement Program

TEOCO Retirement Program

• 401K Plan -- Employees are eligible to participate at the beginning of each quarter following date of hire. Employees may contribute up to 25% of their base salary up to the IRS limit. The plan includes provisions for loans and hardship withdrawals.
• Employee Stock Option Plan (ESOP) -- TEOCO contributes 1% of eligible salary and matches 50% up to the first 6% of the employee's contribution to the 401(k) in company stock through our ESOP, with vesting after 2 years of employment.