Annual report pursuant to Section 13 and 15(d)

Defined Contribution Plan

v3.3.1.900
Defined Contribution Plan
12 Months Ended
Dec. 31, 2015
Defined Contribution Plan  
Defined Contribution Plan

 

7.  Defined Contribution Plan

 

The Company maintains a defined contribution plan covering substantially all domestic employees. Participating employees may make contributions to the plan, through payroll deductions. Matching contributions are made by the Company equal to 50% of the employee’s contribution to the extent such employee contribution did not exceed 6% of their compensation.  During the years ended December 31, 2015, 2014 and 2013, the Company expensed approximately $211 thousand, $194 thousand and $182 thousand, respectively, related to this plan.