Retirement

Plan for retirement by contributing to the Scorpion 401(k) Retirement Savings Plan, administered by ADP, on a pre-tax or after-tax basis.

Feature	Detail
Plan Name	Scorpion 401(k) Retirement Savings Plan
Plan Type	401(k)
Record Keeper	ADP
Website	my.adp.com
Phone	1-866-695-7526
Automatic Enrollment	If you are a new hire, you will be automatically enrolled.
Default Contribution Rate	3%
Opting Out	You will be given the opportunity to opt out or change your contribution rate.
Contribution Types	Pre-tax and Roth (after-tax). You can choose to contribute to both traditional and ROTH depending on your specific needs.
Contribution Range	1% - 90% of your pay
2026 IRS Maximum	$24,500
Catch-up Contributions (age 50 and over)	$7,500
Advantages	Tax savings on pre-tax contributions, choice of investment funds and convenient payroll deductions.
Receiving Benefits	Before age 59½, you may withdraw funds only if you leave Scorpion, become disabled or experience a financial hardship.
Early Withdrawal	Any funds you receive before age 59½ may be subject to current taxes and possibly a financial penalty.
Loans	Interest rate of prime +1; $1,000 minimum/$50,000 maximum or 50% of your vested account balance; maximum term five years for general use, 30 years for residential loans.
Rollovers	Savings from your previous qualified retirement plan(s) or a Rollover IRA are accepted into the Plan.
Making Changes	Change your contribution amount and investment allocations at any time via the ADP Mobile Solutions App, my.adp.com or 1-866-695-7526.

Plan Name

Plan Type

Record Keeper

Website

Phone

Automatic Enrollment

Default Contribution Rate

Opting Out

Detail: You will be given the opportunity to opt out or change your contribution rate.

Contribution Types

Detail: Pre-tax and Roth (after-tax). You can choose to contribute to both traditional and ROTH depending on your specific needs.

Contribution Range

2026 IRS Maximum

Catch-up Contributions (age 50 and over)

Advantages

Detail: Tax savings on pre-tax contributions, choice of investment funds and convenient payroll deductions.

Receiving Benefits

Detail: Before age 59½, you may withdraw funds only if you leave Scorpion, become disabled or experience a financial hardship.

Early Withdrawal

Detail: Any funds you receive before age 59½ may be subject to current taxes and possibly a financial penalty.

Loans

Detail: Interest rate of prime +1; $1,000 minimum/$50,000 maximum or 50% of your vested account balance; maximum term five years for general use, 30 years for residential loans.

Rollovers

Detail: Savings from your previous qualified retirement plan(s) or a Rollover IRA are accepted into the Plan.

Making Changes

Detail: Change your contribution amount and investment allocations at any time via the ADP Mobile Solutions App, my.adp.com or 1-866-695-7526.