SMTC Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 13 - Defined Contribution Pension Plan and Post-employment Benefit Plan

Note 13 - Defined Contribution Pension Plan and Post-employment Benefit Plan

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

Defined contribution pension plan and post-employment benefit plan

The Company has a

401K

plan which is accounted for as a defined contribution plan for certain U.S. employees, whereby the Company matches a portion of employee contributions. Company contributions to the

401K

plan

were

$125,

$162

and

$157

for the years ended

December 31, 2017,

January 1, 2017

and

January 3, 2016,

respectively.

The Company has certain post-employment benefits related to employees in its Mexico facility. These benefit plans are only available to local employees and are generally government mandated. The liability related to the unfunded benefit obligations was $

283

and

$247

as at

December 31, 2017

and

January 1, 2017

respectively, which was classified within accrued liabilities in the consolidated balance sheet.