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Employee Benefits
12 Months Ended
Dec. 31, 2019
Employee Benefits  
Employee Benefits

Note 19: Employee Benefits

Effective January 1, 2016, the Company discontinued its SIMPLE IRA plan and began offering a 401(k) plan. Pursuant to the plan agreement, matching contributions equal to 100% of the employees’ elective deferrals which do not exceed 3% of the employees’ compensation will be made unless management elects to make either the alternative matching contribution or the non‑elective contribution. Employer contributions to the plans were $629,000, $464,000, and $294,000 for the years ended December 31, 2019,  2018, and 2017, respectively.