Annual report pursuant to Section 13 and 15(d)

Retirement plans

v3.24.1
Retirement plans
12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
Retirement plans Retirement Plans
We have a defined contribution retirement plan (the “Plan”), which qualifies under Section 401(k) of the Internal Revenue Code (IRC). Under the Plan, employees meeting certain requirements may elect to contribute a percentage of their salary up to the maximum allowed by the IRC. We matched a variable amount based on participant contributions up to a maximum of 4.5% of each participant’s salary until May 2020 when we discontinued the matching of employee contributions for those employees not covered under a collective bargaining agreement. Effective July 1, 2023, we reinstituted the employer match based on participant contributions which are capped at a maximum of $250 per quarter and $1,000 per fiscal year. We contributed approximately $65,705 and $39,664 in matching contributions to the Plan in 2023 and 2022, respectively.