Note 11 - Benefit Plans

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Compensation and Employee Benefit Plans [Text Block]

Note 

1

1

 – Benefit Plans

Qualstar has a voluntary deferred compensation plan (the “Plan”) qualifying for treatment under Internal Revenue Code Section 

401

(k). All employees are eligible to participate in the Plan following

three

months of service of employment and

may

contribute up to

100%

of their compensation on a pre-tax basis,

not

to exceed the annual IRS maximum. Qualstar, at the discretion of management,

may

make matching contributions in an amount equal to

25%

of the

first

6%

of compensation contributed by eligible participants. Qualstar suspended the discretionary matching contribution effective

August 2009.