Annual report pursuant to Section 13 and 15(d)

Defined Contribution Plan

v3.8.0.1
Defined Contribution Plan
12 Months Ended
Dec. 31, 2017
Defined Contribution Plan  
Defined Contribution Plan

13. Defined Contribution Plan

The Company established a defined contribution savings plan under Section 401(k) of the Internal Revenue Code. This plan covers substantially all employees who meet minimum age and service requirements and allows participants to defer a portion of their annual compensation on a pretax basis. Company contributions to the plan may be made at the discretion of the board of directors. Effective September 1, 2017, the Company instituted an employer match of 100% of the amount you contribute to the Plan for each payroll period up to the first 1% of Plan Compensation plus 50% of the amount you contribute between 1% and 6% of Plan Compensation. For the year ended December 31, 2017, the Company contributed $0.3 million to the 401(k) Plan.