Annual report pursuant to Section 13 and 15(d)

Benefit Plans

v3.20.1
Benefit Plans
12 Months Ended
Dec. 31, 2018
Retirement Benefits [Abstract]  
Benefit Plans

NOTE 17. BENEFIT PLANS

 

Defined Contribution Plan

 

The Company has a defined contribution plan covering all full-time employees qualified under Section 401(k) of the Internal Revenue Code, in which the Company matches a portion of an employee’s salary deferral. The Company’s contributions to this plan were $78 and $50, for the years ended December 31, 2018 and 2017, respectively.

 

The Predecessor has a defined contribution plan covering all full-time employees qualified under Section 401(k) of the Internal Revenue Code, in which the Predecessor matches a portion of an employee’s salary deferral. The Company’s contributions to this plan were $721 for the year ended December 31, 2017. The Predecessor instituted a cash balance for its employees in 2016, the cash balance plan expense totaled $808 for the year ended December 31, 2017.

 

The Company and the Predecessor combined their defined contributions plans as of November 1, 2018.