Employee Benefit Plan

12 Months Ended

Dec. 30, 2017

Employee Benefits And Share Based Compensation [Abstract]

Employee Benefit Plan

11. Employee Benefit Plan

We have a plan known as the Iridex Corporation Profit Sharing/401(k) Plan Trust to provide retirement benefits through the deferred salary deductions for substantially all U.S. employees. Employees may contribute up to 15% of their annual compensation to the plan, limited to a maximum amount set by the Internal Revenue Service. The plan also provides for Company contributions at the discretion of the Board of Directors. Prior to the start of fiscal 2009, we suspended the matching contributions. Subsequent to December 28, 2013, we reinstated a Company match in the amount of 50% of employee contributions up to a maximum of $3 thousand. In 2017, 2016 and 2015, total matching contributions made by the Company were $248 thousand, $226 thousand, and $218 thousand, respectively.