Note 11 - Defined Contribution Plan

12 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Defined Contribution Plan Disclosure [Text Block]

(11) DEFINED CONTRIBUTION PLAN

The Partnership sponsors a defined contribution plan for its eligible salaried non-bargaining unit employees that provides for employee and employer contributions. Participating employees may contribute up to an amount not to exceed their covered compensation for the plan year, reduced by the participant’s salary reductions, subject to annual limits. The Partnership is required to make matching contributions to the plan and may make discretionary annual contributions to the plan. The Partnership’s matching contributions to the plan are equal to 50% of the first 4% of covered compensation contributed by participating employees. The Partnership’s discretionary contributions, if any, are allocated among participating employees based on age, length of service, and other criteria and are subject to annual limits. During the years ended December 31, 2015 and 2014, Partnership aggregate matching contributions were $35,000 and $35,000, respectively, and Partnership aggregate discretionary contributions were $114,000 and $108,000, respectively.