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11 - EMPLOYEE BENEFIT PLANS
 12 Months Ended
Dec. 31, 2012
Pension and Other Postretirement Benefits Disclosure [Text Block] 11  -  EMPLOYEE BENEFIT PLANS
We have a defined contribution profit sharing plan pursuant to Section 401(k) of the Internal Revenue Code (“the Plan) covering only the U.S. based employees of Taitron Components (excludes our foreign divisions and subsidiaries).  Participants once eligible, as defined by the Plan, may contribute up to the maximum allowed under the Internal Revenue Code.  The Plan also provides for safe harbor matching contributions, vesting immediately, at our discretion.  For each of the years ended December 31, 2012 and 2011, employer matching contributions aggregated approximately $40,000 and $47,000, respectively.

Participants in the Plan, through self-directed brokerage accounts, held 493,679 (or 10.3%) and 349,423 (or 7.3%) shares in Class A common stock of Taitron Components as of December 31, 2012 and 2011, respectively.  The Plan does not offer new issues of Taitron Components common stock as an investment option.