401(k) Savings Plan

Eligibility

All New Full Time and Part Time Employees who are 20 years of age or older will be automatically enrolled in our 401(k) savings plan. Auto enrollment will begin on or after 30 days following date of hire depending on the payroll cycle. Auto enrollment will begin at 3% and increase 1% every January 1st, up to 6% with the ability to change the election.

Employee Contributions

Participants can choose pretax and/or Roth contributions. You may contribute as little as 1% up to 50% of your annual earnings on a pre-tax basis, up to the IRS limit. Participants who are age 50 or older will be allowed to make an additional contribution, at IRS limit and as long as IRS allows. SCM will match at the rate of 100% on the first 1% of a participants eligible contributed compensation, 50% of the next 5% of eligible contributed compensation up to a maximum of $9,975 annual basis per the Plan Document. Participants become 100% vested after 2 years.

Matching Contributions

Employee Deferral	Employer Match
1%	1%
2%	1.5%
3%	2%
4%	2.5%
5%	3%
6%	3.5%