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RETIREMENT SAVINGS PLANS
12 Months Ended
Dec. 31, 2024
RETIREMENT SAVINGS PLANS  
RETIREMENT SAVINGS PLANS

NOTE 10 — RETIREMENT SAVINGS PLANS

 

Our three full-time employees are eligible to participate in a qualified defined contribution 401(k) plan whereby they may elect to have a specified portion of their salary contributed to the plan. We will make a safe harbor match equal to 100% of their elective deferrals up to a maximum of 5% of eligible earnings in addition to our option to make discretionary contributions to the plan. We made aggregate contributions to the plan totaling $20,000 and $23,750 for the years ended 2024 and 2023, respectively.