Annual report pursuant to Section 13 and 15(d)

Defined Contribution Plan

v2.4.1.9
Defined Contribution Plan
12 Months Ended
Dec. 31, 2014
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, 2014, 2013 and 2012, the Company expensed approximately $194 thousand, $182 thousand and $166 thousand, respectively, related to this plan.