Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plans

v3.8.0.1
Employee Benefit Plans
12 Months Ended
Dec. 31, 2017
Employee Benefit Plans  
Employee Benefit Plans

(10) Employee Benefit Plans

Prior to January 1, 2015, Skyhook participated in Liberty’s defined-contribution plan (the “Liberty 401(k) Plan”).

Employees of Skyhook participate in a separate defined-contribution plan administered by Skyhook (the “Skyhook 401(k) Plan”). The Skyhook 401(k) Plan provides for employees to make contributions by salary reductions for investment in several mutual funds and/or a self-directed brokerage account pursuant to Section 401(k) of the Internal Revenue Code.

Pursuant to the existing Skyhook 401(k) Plan, Skyhook employees are eligible for 100% matching contributions for each dollar contributed up to 10%, subject to certain limitations. For the years ended December 31, 2017,  2016 and 2015, Skyhook contributed approximately $1.0 million, $0.8 million and $1.1 million respectively.