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401(k) Plan
12 Months Ended
Dec. 31, 2019
401(K) Plan  
401(K) Plan

NOTE 9 – 401(k) Plan

The Company sponsors a 401(k) profit sharing plan that covers substantially all employees. To be eligible to participate, an employee must have completed 1,000 hours of service and be 21 years of age or older. The Company matches 100% of employee contributions up to 4% of their annual compensation. The Company may also make nonelective contributions to the plan at the discretion of the Board of Directors. Expense charged to operations for this plan was $170 and $154 for the years ended December 31, 2019 and 2018, respectively.