Employee Benefit Plan

12 Months Ended

Dec. 31, 2019

Employee Benefit Plan

Employee Benefit Plan

Note 15.  Employee Benefit Plan

The Company has an employee benefit plan under Section 401(k) of the Internal Revenue Code. The plan allows employees to make contributions up to a specified percentage of their compensation. Under the plan, the Company matches a portion of the employees’ contributions up to a defined maximum. Prior to August 2018, the Company historically contributed up to 3% of employee base salary, by matching 50% of the first 6% of annual base salary contributed by each employee. Effective August 2018, the Company began contributing up to 5% of employee base salary, by matching 100% of the first 5% of annual base salary contributed by each employee.  Approximately $0.3 million, $0.2 million and $0.3 million of 401(k) benefits were charged to operating expenses for the years ended December 31, 2019, 2018 and 2017, respectively.