Benefits
SCRP Auto-Enrollment Program
Stanford Contributory Retirement Account Auto-Enrollment Program
The Stanford Contributory Retirement Plan (SCRP) provides a matching contribution to employees after they reach their year of service. Eligible employees receive a matching contribution based on the following contribution percentages:
When You Contribute: |
Stanford's Match Contribution is: |
| 0% | 0% |
| 1% | 1.5% |
| 2% | 3% |
| 3% | 4% |
| 4% or more | 5% (maximum Match Contribution) |
The auto-enrollment program allows employees to receive the maximum matching contribution when Stanford enrolls employees at the 4 percent CRA pre-tax rate on their behalf. If employees elect to contribute to TDA and/or CRA prior to their year of service date, they will not be auto enrolled. Employees may also elect to opt out of the auto enrollment program. Please review the Frequently Asked Questions for more detailed information.
