XML 30 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
11 - EMPLOYEE BENEFIT PLANS
12 Months Ended
Dec. 31, 2017
Disclosure Text Block Supplement [Abstract]  
Compensation and Employee Benefit Plans [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 our U.S. based employees.  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 year ended December 31, 2017 and 2016, employer matching contributions aggregated approximately $28,000.

Participants in the Plan, through self-directed brokerage accounts, held 929,203 (or 19.5%) shares in Class A common stock of Taitron Components as of both December 31, 2017 and 2016.  The Plan does not offer new issues of Taitron Components common stock as an investment option.