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Defined Contribution Retirement Plan
3 Months Ended
Mar. 31, 2017
Defined Contribution Retirement Plan  
Defined Contribution Retirement Plan

Note 12: Defined Contribution Retirement Plan

 

Starting in 2016, we offered our U.S. employees the ability to participate in a 401(k) plan. Eligible U.S. employees may contribute up to 60% of their eligible compensation, subject to limitations established by the Internal Revenue Code. The Company contributes a matching contribution equal to 100% of each such participant’s contribution up to the first 3% of their annual eligible compensation. We charged $36,495 and $29,671 to expense in the three months ended March 31, 2017 and 2016, respectively, associated with our matching contribution in those periods.