We maintain a 401(k) plan under which all full-time employees are eligible to participate at the beginning

Question:

We maintain a 401(k) plan under which all full-time employees are eligible to participate at the beginning of each month immediately following their date of hire. We match employees€™ contributions at a rate of 50% of employees€™ contributions up to the first 6% of the employees€™ compensation contributed to the 401(k) plan. Out matching contributions were $223,000, $ 237,000 and $ 244,000 in 2010, 2009 and 2008, respectively.

Required
a. In General, what type of retirement savings plan does TransAct technologies have?
b. Give your opinion as to the materiality of the pension plan.
c. Give your opinion as to control of pensionexpense.