XML 41 R22.htm IDEA: XBRL DOCUMENT v3.21.1
DEFINED CONTRIBUTION 401K
 12 Months Ended
Dec. 31, 2020
DEFINED CONTRIBUTION 401K  
DEFINED CONTRIBUTION 401K

15. DEFINED CONTRIBUTION 401(K) PLAN

The Company has a 401(k) profit-sharing retirement plan covering substantially all employees. The plan allows employee contributions up to 50% of a participant’s eligible compensation, subject to limits established under the 401(k) plan and annual IRS elective deferral limits. SCA currently matches 100% of participants contribution up to a maximum of 4% for non-pilot participants’ and 6% for pilot participants’ eligible compensation. SCA is also required to make a non-discretionary 2% Company contribution for pilots based on gross earnings.

The Company made 401(k) contributions as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Successor

 

 

Predecessor

 

 

 

Year Ended December 31,

 

For the Period
April 11, 2018 to

 

 

For the Period
January 1, 2018 to

 

 

    

2020

    

2019

    

December 31, 2018

  

  

April 10, 2018

 

Non-Discretionary

 

$
1,040

 

$
908

 

$
592

 

 

$
308

 

Discretionary

 

 
4,263

 

 
4,246

 

 
2,436

 

 

 
1,026

 

Total 401(k) Contributions

 

$
5,303

 

$
5,154

 

$
3,028

 

 

$
1,334

 

 

Contributions are classified in Salaries, Wages, and Benefits on the Consolidated Statements of Operations.