DEFINED CONTRIBTION PLAN |
12 Months Ended | |
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Dec. 31, 2016 | ||
DEFINED CONTRIBTION PLAN [Abstract] | ||
DEFINED CONTRIBTION PLAN |
NOTE 17. DEFINED CONTRIBTION PLAN
We maintain a 401(k) defined contribution plan (the “401(k) Plan”), which covers all eligible employees (as defined in the 401(k) Plan). Participants are allowed to make non-forfeitable contributions up to 60% of their annual salary, but may not exceed the annual maximum contribution limitations established by the Internal Revenue Service. The company match is currently 50% on the first 5% of the amounts contributed by each participant. During the years ending December 31, 2016, 2015 and 2014, the company contributed and expensed $1.9 million, $1.9 million and $1.7 million, respectively, into the 401(k) Plan.
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- References No definition available.
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- Definition Disclosure of the description of the plan, the basis for determining contributions, and the amounts of contributions under the Company's defined contribution plan. No definition available.
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