XML 42 R26.htm IDEA: XBRL DOCUMENT v3.22.4
EMPLOYEE BENEFIT PLAN
 12 Months Ended
Dec. 31, 2022
EMPLOYEE BENEFIT PLAN  
EMPLOYEE BENEFIT PLAN

19.        EMPLOYEE BENEFIT PLAN

Employees of the Company may participate in the Monster Beverage Corporation 401(k) Plan, a defined contribution plan, which qualifies under Section 401(k) of the Internal Revenue Code. Participating employees may contribute into a traditional plan with pretax salary or into a Roth plan with after tax salary up to statutory limits. The Company contributes 50% of the employee contribution, up to 8% of each employee’s earnings, which vest over four years (2 years of service = 50%, 3 years of service = 75%, 4 years of service = 100%). Matching contributions were $6.9 million, $5.5 million and $4.7 million for the years ended December 31, 2022, 2021 and 2020, respectively.