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Savings Plan
3 Months Ended
Mar. 31, 2012
Savings Plans [Abstract]  
Savings Plans
Note 7 - Savings Plan

The Company sponsors the AmBase 401(k) Savings Plan (the “Savings Plan”), which is a “Section 401(k) Plan” within the meaning of the Internal Revenue Code of 1986, as amended (the “Code”).  The Savings Plan permits eligible employees to make contributions of up to 30% of compensation, which are matched by the Company at a percentage of the employees’ elected deferral.  Employee contributions to the Savings Plan are invested at the employee’s discretion, in various investment funds.  The Company’s matching contributions are invested in the same manner as the compensation reduction contributions.  All contributions are subject to maximum limitations contained in the Code.  The Company’s matching contributions to the Savings Plan, charged to expense, were as follows:

   
Three Months Ended
March 31,
   
Three Months Ended
March 31,
 
   
2012
   
2011
 
Company matching contributions
$
15,000
 
$
12,000
 
Employer match %
 
33
%
 
33
%