DEFINED CONTRIBUTION PLAN

12 Months Ended

Dec. 31, 2015

Defined Contribution Pension and Other Postretirement Plans Disclosure [Abstract]

DEFINED CONTRIBUTION PLAN

17. DEFINED CONTRIBUTION PLAN:

The Company maintains the Universal Display Corporation 401(k) Plan (the Plan) in accordance with the provisions of Section 401(k) of the Internal Revenue Code (the Code). The Plan covers substantially all full-time employees of the Company. Participants may contribute up to 15% of their total compensation to the Plan, not to exceed the limit as defined in the Code, with the Company matching 50% of the participant’s contribution, limited to 6% of the participant’s total compensation. For the years ended December 31, 2015, 2014 and 2013, the Company contributed $348,000, $320,000 and $290,000, respectively, to the Plan.