v3.22.4

EMPLOYEE BENEFIT PLAN | 12 Months Ended
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Dec. 31, 2022
Retirement Benefits [Abstract] |
EMPLOYEE BENEFIT PLAN | EMPLOYEE BENEFIT PLANWe have a defined-contribution plan, OrthoPediatrics 401(k) Retirement Plan (the “401(k) Plan”), which includes a cash or deferral (Section 401(k)) arrangement. The 401(k) Plan covers those employees who meet certain eligibility requirements and elect to participate. Employee contributions are limited to the annual amounts permitted under the Internal Revenue Code. The 401(k) Plan allows us to make a discretionary matching contribution. Discretionary matching contributions are determined annually by management. We match our employees' 401(k) contributions up to 4%. Additionally, employees of MD Ortho receive contribution matches up to 3% of their salary. For the years ended December 31, 2022, 2021 and 2020, the total 401(k) match resulted in expense of $718, $510 and $439, respectively.

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