Telkonet, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

O. EMPLOYEE BENEFIT PLAN

O. EMPLOYEE BENEFIT PLAN	12 Months Ended
Dec. 31, 2020
Disclosure Text Block Supplement [Abstract]
EMPLOYEE BENEFIT PLAN	NOTE O – EMPLOYEE BENEFIT PLAN The Company has an employee savings plan covering substantially all employees who are at least 21 years of age and have completed at least 3 months of service. The plan provides for matching contributions equal to 100% of each dollar contributed by the employee up to 4% of the employee’s salary. The Company’s matching contributions vest immediately. The Company may also elect to make discretionary contributions. In response to the impact COVID-19 has had on the Company’s operations and financial results, in June 2020 management suspended the Company’s 401(k) match for the foreseeable future. The Company made contributions to the plan of approximately $53,000 and $126,000 for the years ended December 31, 2020 and 2019, respectively.

O. EMPLOYEE BENEFIT PLAN

12 Months Ended

Dec. 31, 2020

Disclosure Text Block Supplement [Abstract]

NOTE O – EMPLOYEE BENEFIT PLAN

The Company has an employee savings plan covering substantially all employees who are at least 21 years of age and have completed at least 3 months of service. The plan provides for matching contributions equal to 100% of each dollar contributed by the employee up to 4% of the employee’s salary. The Company’s matching contributions vest immediately. The Company may also elect to make discretionary contributions. In response to the impact COVID-19 has had on the Company’s operations and financial results, in June 2020 management suspended the Company’s 401(k) match for the foreseeable future. The Company made contributions to the plan of approximately $53,000 and $126,000 for the years ended December 31, 2020 and 2019, respectively.