Note 14 - Celsion Employee Benefit Plans

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Compensation and Employee Benefit Plans [Text Block]

14.

CELSION EMPLOYEE BENEFIT PLANS

Celsion maintains a defined-contribution plan under Section

 

401

(k) of the Internal Revenue Code. The plan covers substantially all employees over the age of

21.

Participating employees

may

defer a portion of their pretax earnings, up to the IRS annual contribution limit. The Company makes a matching contribution up to a maximum of

3%

of an employee’s annual salary. The Company’s total matching contributions for the years ended

December 31, 2017

and

2016

was

$77,352

and

$82,391

respectively.  During

2017,

the Company also provided a discretionary contribution totaling

$172,497

which represented

6%

of each eligible participant’s annual salary. This amount was paid in

January 2018.