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401(k) Plan
12 Months Ended
Dec. 31, 2018
Retirement Benefits [Abstract]  
401(k) Plan

NOTE 7 – 401(k) PLAN

 

All full-time employees who are over 21 years old are eligible for the Company’s 401(k) Plan (“Plan”). Under this Plan, an employee may elect to defer his/her compensation, subject to certain maximum amounts, and have it contributed to the Plan. Employer contributions to the Plan are at the discretion of the Company. During 2018, 2017 and 2016, the Company made matching contributions to the Plan of up to 100% of the first 3% of employee salary and 50% of the next 2% of employee salary. The total expense relating to the Plan, including matching contributions amounted to $343,959, $330,020 and $245,057 in 2018, 2017 and 2016, respectively.