Profit Sharing Plan
|9 Months Ended|
Sep. 30, 2018
|Retirement Benefits [Abstract]|
|Pension and Other Postretirement Benefits Disclosure [Text Block]||
On April 16, 2018, The Company’s Board of Directors approved the adoption of the Sachem Capital Corp. 401(k) Profit Sharing Plan (the “401(k) Plan)”. All employees, who meet the participation criteria, are eligible to participate in the 401(k) Plan. Under the terms of the 401(k) Plan, the Company is obligated to contribute 3% of a participant’s compensation to the 401(k) Plan on behalf of anemployee-participant. For the three and nine months ended September 30, 2018, the 401(k) Plan expense was $532 and $6,448, respectively.
The entire disclosure for pension and other postretirement benefits.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef