EMPLOYEE BENEFITS |
12 Months Ended |
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Dec. 31, 2018 | |
| EMPLOYEE BENEFITS [Abstract] | |
| EMPLOYEE BENEFITS |
NOTE 12 – EMPLOYEE BENEFITS
The Company sponsors a 401(k) plan which covers substantially all employees. Employees may elect to contribute to the plan up to the maximum percentage of compensation and dollar amount subject to statutory limitations. Beginning January 1, 2013, the Company’s contribution was set using a matching formula of 100% of the first 3% of employee contributions and 50% of employee contributions in excess of 3%, up to 5%. The Company’s contributions were approximately $717,000 and $684,000 for 2018 and 2017, respectively.
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- References No definition available.
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- Definition The entire disclosure for pension and other postretirement benefits. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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