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EMPLOYEE BENEFIT PLANS
12 Months Ended
Dec. 31, 2022
EMPLOYEE BENEFIT PLANS  
EMPLOYEE BENEFIT PLANS

NOTE 19 – EMPLOYEE BENEFIT PLANS

Profit Sharing Plan

During the years ended December 31, 2022, 2021, and 2020, the Company’s profit sharing plan contribution expense amounted to $1.3 million, $1.3 million, and $1.1 million, 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, 2022 and 2021, the Company’s maximum aggregate liability under the plan was $6.4 million and $6.6 million, respectively. During the years ended December 31, 2022, 2021, and 2020, medical benefits expense amounted to $4.9 million, $4.2 million, and $4.8 million, respectively.