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SAVINGS PLAN
12 Months Ended
Dec. 31, 2019
SAVINGS PLAN  
SAVINGS PLAN

15 - SAVINGS PLAN

 

In August 2005, the Company established a 401(k) plan that is available to U.S. based full-time employees who meet the plan’s eligibility requirements.  This 401(k) plan is a defined contribution plan, which permits employees to make contributions up to maximum percentage and dollar limits allowable by IRS Code Sections 401(k), 402(g), 404 and 415 with the Company matching $1.17 for each dollar contributed up to the first six percent of each employee’s salary.  The matching contribution vests immediately.  For the years ended December 31, 2019, 2018 and 2017, the Company’s matching contributions to this plan were $399,  $380 and $385, respectively.