Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plan

Employee Benefit Plan
12 Months Ended
Dec. 31, 2017
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Employee Benefit Plans
17. Employee Benefit Plan
Fortress Biotech, Inc.
On January 1, 2008, the Company adopted a defined contribution 401(k) plan which allows employees to contribute up to a percentage of their compensation, subject to IRS limitations and provides for a discretionary Company match up to a maximum of 4% of employee compensation. For the years ended December 31, 2017, 2016 and 2015, the Company paid a matching contribution of $0.2 million, $0.2 million, and $0.1 million and, respectively.
National Holdings Corporation
In September 2011, National created a new defined contribution 401(k) plan (the “Plan”) merging the two plans originally formed prior to the merger of National and vFinance effective October 1, 2011. Under the Plan, employees can elect to defer up to 75% of eligible compensation, subject to certain limitations, by making voluntary contributions to the Plan. National’s contributions are made at the discretion of the Board of Directors. For the period from September 9, 2016 through September 30, 2016 National made no contributions to the plan.