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Profit Sharing Plan
12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Profit Sharing Plan

13. PROFIT SHARING PLAN

The Company has adopted a profit sharing plan pursuant to Section 401(k) of the Internal Revenue Code (the “Code”), whereby the participants may contribute a percentage of their compensation as permitted under the Code. Matching contributions are made at the discretion of the Company. Presently, the Company matches 50% of an employee’s contributions, up to 15% of such employee’s compensation, not to exceed the maximum allowable pursuant to the Code and excluding catch-up contributions. Such matching contributions were approximately $6.9 million, $6.0 million and $6.4 million for the years ended December 31, 2024, 2023 and 2022, respectively.