Annual report pursuant to Section 13 and 15(d) 12-31-2014

401(k) Plan

v2.4.1.9
401(k) Plan
12 Months Ended
Dec. 31, 2014
Defined Contribution Pension And Other Postretirement Plans Disclosure [Abstract]  
401(k) Plan

13. 401(k) Plan

Effective June 1, 2004, the Company adopted a defined contribution retirement plan under Section 401(k) of the Internal Revenue Code. The plan covers substantially all employees. Eligible employees may contribute amounts to the plan, via payroll withholdings, subject to certain limitations. The plan permits, but does not require, additional matching contributions to the plan by the Company on behalf of the participants in the plan. The Company incurred approximately $164,000 and $162,000 relating to retirement contributions for the years ended December 31, 2014 and 2013, respectively.