XML 51 R23.htm IDEA: XBRL DOCUMENT v3.24.0.1
Retirement Plan
 12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
Retirement Plan

16. Retirement Plan

 

Effective January 1, 2019, the Company sponsors a 401(k) plan that covers substantially all employees. In order to be eligible to participate, an employee must complete two consecutive months of service and work a minimum of two hundred and fifty hours or work 1,000 hours in their first year of service. Employees may make pre-tax deferrals upon meeting the Plan eligibility requirements. Effective January 1, 2020, the Plan was transitioned to a safe harbor plan in which highly compensated employees are not eligible for matching contributions and non-highly compensated employees earn 100% match on first 3% contributed and 50% on the next 2% contributed. Total employer matching contributions was $11,803 and $23,466 for the years ended December 31, 2023 and 2022, respectively.