Annual report pursuant to Section 13 and 15(d)

Profit Sharing Plan

v3.19.1
Profit Sharing Plan
12 Months Ended
Dec. 31, 2018
Retirement Benefits [Abstract]  
Pension and Other Postretirement Benefits Disclosure [Text Block]
6. Profit Sharing Plan
 
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 an employee-participant. For the year ended December 31, 2018, the 401(k) Plan expense was $16,792.