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NOTE 12 Retirement Plan
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
Retirement Plan

 

NOTE 12 — Retirement Plan

 

The Company has a tax-deferred savings plan, the Socket Mobile, Inc. 401(k) Plan (“401(k) Plan”), for the benefit of qualified employees. The 401(k) Plan is designed to provide employees with an accumulation of funds at retirement. Qualified employees may elect to make contributions to the 401(k) Plan on a monthly basis. No contributions were made by the Company during the years ended December 31, 2011, 2010 or 2009. Administrative expenses relating to the 401(k) Plan are not significant.