Annual report pursuant to Section 13 and 15(d)

Defined Contribution Plan

v3.6.0.2
Defined Contribution Plan
12 Months Ended
Dec. 31, 2016
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, 2016, 2015 and 2014, the Company expensed approximately $211 thousand, $211 thousand and $194 thousand, respectively, related to this plan.