XML 36 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
RETIREMENT PLAN
12 Months Ended
Dec. 31, 2017
DEFINED BENEFIT PENSION PLAN  
RETIREMENT PLAN

NOTE 13 — RETIREMENT PLAN

 

The Corporation has established a 401(k) profit sharing plan.  Employees who have completed three months of service and attained the age of 18 are eligible to participate in the plan.  Eligible employees can elect to have a portion, not to exceed 80%, of their annual compensation paid into the plan.  In addition, the Corporation may make discretionary contributions into the plan.  Retirement plan contributions charged to operations totaled $340,800,  $300,000, and $288,000 in 2017, 2016, and 2015, respectively.