Annual report pursuant to Section 13 and 15(d)

Defined Contribution Plans

v3.8.0.1
Defined Contribution Plans
12 Months Ended
Dec. 31, 2017
Retirement Benefits [Abstract]  
Defined Contribution Plans

NOTE 7 – DEFINED CONTRIBUTION PLANS

 

We maintain the ProPhase Labs, Inc. 401(k) Savings and Retirement Plan, a defined contribution plan for our employees. Our contributions to the plan are based on the amount of the employee plan contributions and compensation. Our contributions to the plan in Fiscal 2017, 2016 and 2015 were $120,000, $121,000 and $134,000, respectively. For Fiscal 2017. 2016 and 2015, we charged (i) to continuing operations $104,000, $62,000 and $59,000, respectively and (ii) to discontinue operations $16,000, $59,000 and $75,000 respectively, for our plan contribution.