Deferred Compensation Plan |
3 Months Ended | ||
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Mar. 31, 2023 | |||
Deferred Compensation Plan [Abstract] | |||
Deferred Compensation Plan |
Effective October 1st, 2021, the Company began offering a 401(k) plan (“401K Plan”) to its employees. All employees are eligible to participate in the 401K Plan. The Company makes matching contributions equal to 100% on the first 3% of compensation that is deferred as an
elective deferral and an additional 50% on the next 2% of compensation. The Company’s matching contributions are made on a payroll-by-payroll basis. During the three months ended March 31, 2023 and 2022, the Company contributed $34,000 and $25,000 to the 401K Plan, respectively.
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- References No definition available.
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- Definition The entire disclosure for retirement benefits. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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