Retirement Plan

6 Months Ended

Jun. 30, 2021

Retirement Plan [Abstract]

Retirement Plan

5. Retirement Plan

The Company participates in Associated Capital’s incentive savings plan (the “Plan”), covering substantially all employees. Company contributions to the Plan are determined annually by management of the Company and AC’s Board of Directors but may not exceed the amount permitted as a deductible expense under the Internal Revenue Code. Amounts expensed for allocated contributions to this Plan for the three months and six months ended June 30, 2021 resulted in a credit of $(15,103) and $(10,667), respectively, as reductions in headcount reduced the Plan contribution and $4,436 for the three months ended June 30, 2020, and were recorded as compensation and related costs in the Condensed Consolidated Statements of Operations.