XML 108 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
BENEFIT PLANS
12 Months Ended
Dec. 31, 2012
BENEFIT PLANS  
BENEFIT PLANS

NOTE 21. BENEFIT PLANS

        The Company sponsors a 401(k) plan, which provides retirement benefits to eligible employees. All employees are eligible once they reach age 21 and complete 1 year of eligible service. The Company matches employee contributions at 50% up to 2% of the employee's salary. Total matching contributions during 2012 and 2011 were approximately $0.1 million for both years. Given the significant acquisitions and resulting increase in the number of employees, as new employees become eligible and are added as participants in the 401(k) plan in the future, the Company expects the employer match obligation to increase.

        The Company is pursuing remedial actions under the Voluntary Correction Programs ("VCP") of the Employee Compliance Resolution System contained in Internal Revenue Service ("IRS") Revenue Procedure 2008-50 to conform the 401(k) plan's terms to the plan's administration. The acceptance by the IRS of the Company's proposed correction is unknown at this time. A denial by the IRS of the proposed correction could result in financial liability on the part of the Company. Management believes the ultimate financial impact of the resolution is less than $0.1 million and that the matter will be resolved before the end of 2014.