XML 36 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
EMPLOYEE BENEFIT PLANS
12 Months Ended
Dec. 31, 2011
EMPLOYEE BENEFIT PLANS
9.
EMPLOYEE BENEFIT PLANS
 
The Company maintains a contributory retirement plan for all full-time employees with at least 90 days of service.  The plan is designed to provide tax-deferred income to the Company’s employees in accordance with the provisions of Section 401(k) of the Internal Revenue Code.
 
 
The plan provides that each participant may contribute the maximum allowable under Internal Revenue Service regulations.  For 2011, 2010 and 2009, the Company matched 50% of the first 5% of participant contributions.  Matching contributions vest over the first five years of employment.  Company contributions to the plan were $409,000, $344,000 and $314,000 in 2011, 2010 and 2009, respectively.