Atlas Financial Holdings, Inc. - 10-K filing on 2015-03-10

Other Employee Benefit Plans	12 Months Ended
Other Employee Benefit Plans	Dec. 31, 2014
Other Employee Benefit Plans [Abstract]
Other Employee Benefit Plans	OTHER EMPLOYEE BENEFIT PLANS Defined Contribution Plan - In January 2011, Atlas formed a defined contribution 401(k) plan covering all qualified employees of Atlas and its subsidiaries. Employees can choose to contribute up to 60% of their annual earnings but not more than $17,500 for 2014 to the plan. Qualifying employees age 50 and older can contribute an additional $5,500 in 2014. Effective April 2014, Atlas matches 100% of the employee contribution up to 2.5% of annual earnings plus 50% of additional contributions up to 2.5% of annual earnings for a total maximum expense of 3.75% of annual earnings per participant. Atlas' matching contributions are discretionary. Employees are 100% vested in their own contributions and vest in Atlas contributions based on years of service with 100% vested after five years. Company contributions were $204,000 and $118,000, for the years ended December 31, 2014 and December 31, 2013, respectively. Employee Stock Purchase Plan - In the second quarter of 2011, Atlas initiated the Atlas Employee Stock Purchase Plan (the “ESPP”) to encourage continued employee interest in the operation, growth and development of Atlas and to provide an additional investment opportunity to employees. Beginning in June 2011, full time and permanent part time employees working more than 30 hours per week were allowed to invest up to 5% of adjusted salary in Atlas ordinary voting common shares. Effective April 2014, Atlas matches 100% of the employee contribution up to 2.5% of annual earnings plus 50% of additional contributions up to 5% of annual earnings for a total maximum expense of 5% of annual earnings per participant. Atlas' matching contributions are discretionary. Employees who signed up for the ESPP by May 30, 2011 each received an additional 100 ordinary common shares as an initial participation incentive. Atlas also pays all administrative costs related to this plan. During the years ended December 31, 2014 and December 31, 2013, Atlas incurred costs related to the plan of $113,000 and $58,000, respectively. Shares for this plan are purchased on the open market.