Note 11 - Employee Benefit Plans

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

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11

)

  

EMPLOYEE BENEFIT PLANS

We have defined contribution

401

(k) plans for our employees who work in the U.S. All permanent employees of inTEST Corporation, Temptronic Corporation and inTEST Silicon Valley Corporation who are at least

18

years of age are eligible to participate in the inTEST Corporation Incentive Savings Plan (the “inTEST Plan”). We match employee contributions dollar for dollar up to

10%

of the employee's annual compensation, with a maximum limit of

$5.

Employer contributions vest ratably over

four

years. Matching contributions are discretionary. For the

six

months ended

June 30, 2017

and

2016,

we recorded

$245

and

$249

of expense for matching contributions, respectively.

All permanent employees of Ambrell Corporation are immediately eligible to participate in the Ambrell Corporation Savings & Profit Sharing Plan (the “Ambrell Plan”) upon employment and are eligible for employer matching contributions after completing

one

year of service, as defined in the Ambrell Plan. The Ambrell Plan allows eligible employees to make voluntary contributions up to

100%

of compensation, up to the federal government contribution limits. We will make a matching contribution of

25%

of each employee’s contributions up to a maximum of

2%

of such employee’s compensation. From the date of acquisition through

June 30, 2017,

we made matching contributions of

$5.