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EMPLOYEE BENEFIT PLANS
3 Months Ended
Mar. 30, 2019
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLANS

NOTE 7 - EMPLOYEE BENEFIT PLANS

 

The Company sponsors a 401(k) plan that covers substantially all employees. The Company matches a certain portion of employee contributions using the safe harbor guidelines contained in the Internal Revenue Code. Expenses related to these matching contributions totaled $1.2 million for the three months ended March 30, 2019, and $0.8 million for the three months ended March 31, 2018. The Company plans to contribute approximately $3.2 million to the plan in matching employee contributions during the remainder of 2019.

 

In addition, the Company provided supplemental discretionary contributions to the 401(k) plan totaling $1.7 million for the three months ended March 30, 2019, and $1.3 million for the three months ended March 31, 2018. The Company plans to contribute approximately $5.0 million in supplemental contributions to the plan during the remainder of 2019.