Note 14 - Employee Benefits

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

14

. Employee Benefits

All salaried employees of the Company are eligible to participate in the JMP Group

401

(k) Plan after

three

months of employment. Participants

may

contribute up to the limits set by the U.S. Internal Revenue Service. Effective

January 1, 2015,

t

he Company contributes a match of

100%

of each participant’s contributions to the JMP Group

401

(k) Plan up to a maximum of

3%

of the participant’s compensation plus

50%

of the participant’s elective deferrals between

3%

and

5%.

All participants are immediately vested

100%

on matched contributions. The Company recorded JMP Group

401

(k) Plan matching expense of

$0.9

 m

illion and

$1.0

 million for the

three

months ended

March 31, 2019 

and

2018,

respectively.