401(k) PLAN |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 | |||
| K Plan | |||
| 401(k) PLAN |
During 2002, the Company established a plan under Section 401(k) of the Internal Revenue Code (the 401(k) Plan). The 401(k) Plan covers substantially all of its employees who have attained 18 years of age. Employees may elect to contribute part of their annual compensation to the 401(k) Plan, up to the maximum deferral allowance for individuals by the Internal Revenue Service under Code Section 401(k), and the Company may make a matching contribution. During the years ended December 31, 2023 and 2022, the Company made matching contributions of approximately $82,000 and $78,000, respectively.
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