EMPLOYEE BENEFIT PLANS

12 Months Ended

Dec. 31, 2018

Compensation and Retirement Disclosure [Abstract]

EMPLOYEE BENEFIT PLANS

8. EMPLOYEE BENEFIT PLANS

The Company maintains a contributory retirement plan for all full-time employees with at least 90 days of service. The plan is designed to provide tax-deferred income to the Company’s employees in accordance with the provisions of Section 401(k) of the Internal Revenue Code.

The plan provides that each participant may contribute the maximum allowable under Internal Revenue Service regulations. For 2018, 2017 and 2016, the Company matched 50% of the first 5% of participant contributions. Matching contributions vest over the first five years of employment. Company contributions to the plan were $917, $833 and $697 in 2018, 2017 and 2016, respectively.