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EMPLOYEE BENEFIT PLANS
12 Months Ended
Dec. 31, 2021
EMPLOYEE BENEFIT PLANS  
EMPLOYEE BENEFIT PLANS

NOTE 20 – EMPLOYEE BENEFIT PLANS

Profit Sharing Plan

During the years ended December 31, 2021, 2020, and 2019, the Company’s profit sharing plan contribution expense amounted to $1,269,000, $1,118,000, and $1,223,000, respectively. The Company’s contributions vest to employees ratably over a six-year period.

Medical Insurance Benefits

The Company is partially self-insured for medical claims filed by its employees. As of December 31, 2021 and 2020, the Company’s maximum aggregate liability under the plan was $6,588,000 and $6,287,000, respectively. During the years ended December 31, 2021, 2020, and 2019, medical benefits expense amounted to $4,161,000, $4,840,000, and $3,734,000, respectively.