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Employee Benefit Plan
12 Months Ended
Dec. 25, 2021
Retirement Benefits [Abstract]  
Employee Benefit Plan

12. Employee Benefit Plan

 

The Company has an employee benefit plan pursuant to Section 401(k) of the Internal Revenue Code of 1986, as amended. In 2021 the plan allowed employees to defer an amount of their annual compensation up to a current maximum of $19,500 if they are under the age of 50 and $26,000 if they are over the age of 50. The Company matches 50% of all deferred compensation on the first 6% of each employee’s deferred compensation. The amount charged to operations in connection with this plan was approximately $0.4 million in fiscal year 2021, and $0.3 million in fiscal years 2020 and 2019.

 

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)