MagnaCom Benefits

BENEFITS

Progressive Benefits Package

MagnaCom has a modern, progressive benefits program. MagnaCom benefits include unique features such as immediate vesting in company matched 401(k) contributions, and immediate enrollment in TSC's Company Employee Stock Ownership Plan (ESOP). The MagnaCom benefits program is designed to share the growth of the company with the employees from the beginning.

Retirement Investment Plan

MagnaCom provides 401(k) matching, employee stock, and discretionary profit sharing contributions to employee retirement accounts. Employees are immediately vested in all 401(k) company matched funds. Employees are incrementally vested over a 5 year period in company profit sharing contributions and the employee stock ownership plan.

Holiday, Vacation, and Sick Leave

Credited Service Years	Annual Vacation
0-5 Years	2 Weeks
6-10 Years	3 Weeks
11+ Years	4 Weeks

MagnaCom provides 11 paid holidays per year.
Sick leave accrual is 1 week per year.

Insurance Benefits and Costs

Health Insurance
Blue Cross Blue Shield PMD Plan (Medical & Dental)
Family Coverage: $47/Biweekly Pay Period Deduction
Single Coverage: $20/Biweekly Pay Period Deduction

Life Insurance
Company-paid benefit - Life Insurance Amount is Two Times Earnings (maximum $300,000).

Short/Long Term Disability Insurance
Company-paid benefit - Provides 60% of Salary

Vision Insurance

Optional Employee-paid benefit
Family Coverage: $11/Biweekly Pay Period Deduction
Single Coverage: $4/Biweekly Pay Period Deduction

Flexible Spending Account (FSA)
Optional Employee participation. Provides pre-tax dollars for
dependent care, health care expenses not paid by insurance
and group health insurance premiums

401(k) and Roth 401(k) Plans

Employee Payroll Deferral
Contribute pre-tax dollars up to the IRS maximum with immediate vesting.

Employees also have the option to defer after-tax dollars through a Roth 401(k) option.

Company Matching
100% match on first 4% deferred (Employee Immediately vested in Employer Matching Contributions)

Profit Sharing and ESOP

Employees also share in TSC's profit sharing program. This is a discretionary company contribution to our employees 401(k) accounts that has averaged 3%.

Vesting in this contribution is over a 5 year period. Employees are enrolled upon employment in the TSC Employee Stock Ownership Plan (ESOP).

The company contribution has averaged 5% of compensation.