Quarterly report pursuant to Section 13 or 15(d)

Employee Benefit Plan

v3.19.2
Employee Benefit Plan
6 Months Ended
Jun. 30, 2019
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLAN

NOTE 14. EMPLOYEE BENEFIT PLAN

 

The Company has a 401(k) retirement savings plan. Eligible employees must be at least 18 years of age and have completed six months of service. Participants are eligible to receive a matching contribution from the Company of up to the first 3% of compensation plus 50% of participant contributions between 3% and 5% of compensation. Matching contributions, other than safe harbor contributions, vest 33% per year and are 100% vested after three years of service. Safe harbor matching contributions are 100% vested as of the date of the contribution. The Company's safe harbor matching contributions to the plan totaled approximately $0.1 million and $0.1 million for the three months ended June 30, 2019 and 2018 respectively and $0.1 million and $0.1 million for the six months ended June 30, 2019 and 2018, respectively.