Annual report pursuant to Section 13 and 15(d)

Benefit Plan

Benefit Plan
12 Months Ended
Dec. 31, 2022
Retirement Benefits [Abstract]  
Benefit Plan

Note 16. Benefit Plan

The Company sponsors a 401(k) plan to provide defined contribution retirement benefits for all eligible employees. Participants may contribute a portion of their compensation to the plan, subject to the limitations under the Internal Revenue Code. The Company is allowed to make 401(k) matching contributions as defined in the plan and as approved by the board of directors. The Company matched 50% of employee contributions made during 2022 up to a maximum of 2% of compensation; the match will be deposited to the employees' 401(k) accounts in 2023. During the years ended December 31, 2022, 2021, and 2020, the Company recorded $0.3 million, $0.3 million, and $0.2 million, respectively, of matching contribution expense. These matching contributions are subject to additional vesting criteria.