Employee Benefits at a Glance

This page provides highlights of the SMC Benefits Plan. Because it is only a summary of the plan's provisions, it cannot be considered a legal document. In addition, depending on the state you live in, there may be special rules that apply to that specific state. Summary Plan Descriptions, which contain more detailed information about the plan's benefits, limitations and exclusions, are available in the Human Resources Department.

• Deductible: $300 Individual; $600 Family ($400 Individual; $800 Family if out of network)
• $20 Co-pay for routine doctors; $35 for a specialist.
• Co-insurance CIGNA pays 90% of eligible charges you pay 10% of charges after calendar year deductible.
• Calendar year out-of-pocket maximum: $1,000 Individual; $2,000 Family ($2,000 Individual; $4,000 Family if out of network) excluding deductible.

• Exam covered in full every calendar year.
• Prescription Glasses:
• Lenses covered in full every calendar year.
• Frames up to $130 every other calendar year.
• Contact Lens care every calendar year.
• Co-pays: Exam $10, Prescription glasses $25, and Contacts no co-pay applies.

• Employees have access to an Employee Assistance Plan to find solutions to everyday questions on topics such as Legal Issues, Finance, Education, Parenting/Child Care, Addiction/Recovery, and Work. This service is completely confidential and SMC gets no information regarding its usage. First 3 visits are free of charge for counseling services.
• Secure Travel is a program that offers worldwide emergency assistance services for traveling employees and their families. Available services include international access to U.S.-style medicine, emergency message service, and lost luggage assistance, among many others.
• The above programs are provided at no charge to SMC employees.

• Non-Exempt and Exempt Short-term disability income may be purchased by the employee.
• Coverage begins after a seven day waiting period for Non-Exempt employees, Exempt employees receive benefits on the first day of disability. For the Non-Exempt employee the STD is payable at the rate of 60% of base pay for 11 weeks.
• For the Exempt employee the STD is 100% salary continuation for 90 days.
• SMC provides long term disability income coverage for all employees at the rate of 60% of base salary with a 90-day waiting period. During the 90 day waiting period, benefits are paid under STD if applicable.
• Employees are eligible the first day following 30 days of full-time employment.

• Convenient way to save for retirement and pay fewer taxes!
• Employees who participate in the plan choose an amount from 1% to 15% of pre-tax salary to be withheld from biweekly paychecks and from bonus checks.
• SMC will match dollar for dollar up to 5%.
• Vesting schedule is 35% first year, 70% second year and 100% after three years of employment.
• Employees are eligible to participate in the 401(k) plan the beginning of the month after 30 days of full-time employment, provided they are 21 years of age.

• Savings plan that can offer major benefits to SMC employees who are saving for college.
• Via payroll deduction, employees can contribute as little as $15 a month or as much as $11,000 a year without triggering federal gift taxes.
• Employees can choose from up to 14 investment options professionally managed by Putnam Investments, one of the nation’s oldest and largest investment management firms.

• Employees receive 11 paid holidays per year, including New Year's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, the Friday following Thanksgiving, Christmas Day, the employee's birthday, and three "floating" holidays selected by the company.
• Only full-time employees who have completed 90-days of employment are eligible for holiday pay.

• It is the policy of SMC to develop and promote its employees, whenever and wherever possible, for the mutual objective of both personal and organizational growth.
• To that end, the Company will reimburse up to $2,000 per calendar year for courses taken at an accredited school. Pre-approval is required.
• Employees are eligible to receive this benefit the first day after 3 months of full-time employment.