Annual report pursuant to Section 13 and 15(d)

Defined Contribution Plan

v3.20.4
Defined Contribution Plan
 12 Months Ended
Dec. 31, 2020
Defined Contribution Plan  
Defined Contribution Plan

11.  Defined Contribution Plan

 

The Company maintains a defined contribution plan covering substantially all employees. Participating employees may make contributions to the plan, through payroll deductions. Matching contributions are made by the Company equal to 50% of the employee’s contribution to the extent such employee contribution did not exceed 6% of their compensation. During the years ended December 31, 2020 and 2019, the Company expensed approximately $0.3 million, respectively, related to this plan.