Annual report pursuant to Section 13 and 15(d)

Defined Contribution Plan

v3.24.0.1
Defined Contribution Plan
 12 Months Ended
Dec. 31, 2023
Defined Contribution Plan  
Defined Contribution Plan

10.  Defined Contribution Plan

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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 8% of their compensation. During the years ended December 31, 2023 and 2022, the Company expensed approximately $0.5 million and $0.3 million, respectively, related to this plan.