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EMPLOYEE RETIREMENT PLAN | 9 Months Ended
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Sep. 30, 2011
EMPLOYEE RETIREMENT PLAN | 16. EMPLOYEE RETIREMENT PLAN On January 1, 2009, Cellectar adopted a Safe Harbor defined contribution plan under Section 401(k) of the Internal Revenue Code which covered eligible employees who meet minimum age requirements and allowed participants to contribute a portion of their annual compensation on a pre-tax basis. Cellectar contributed 3% of each participant’s compensation. Contributions made for the years ended December 31, 2010 and 2009 were $23,000 and $56,000, respectively. Cellectar paid administrative expenses for the plan of $3,300 and $2,800 for the years ended December 31, 2010 and 2009, respectively. The plan was canceled effective August 30, 2010. Following the Acquisition, the Company has a defined contribution plan under Section 401(k) of the Internal Revenue Code which allows eligible employees who meet minimum age requirements to contribute a portion of their annual compensation on a pre-tax basis. The Company has not made any matching contributions under this plan.

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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + Details
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