EMPLOYEE BENEFIT PLANS

12 Months Ended

Dec. 31, 2021

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

NOTE 15 – EMPLOYEE BENEFIT PLANS

The Company sponsors a 401(k) Plan, which is a defined contribution plan, in which substantially all associates are eligible to participate in and associates may contribute up to 100% of their compensation subject to certain limits based on federal tax laws. The Company may elect to make matching contributions as defined by the plan. For the years ended December 31, 2021 and 2020, the Company expensed matching contributions to the plan totaling $1.0 million and $0.9 million, respectively. For the years ended December 31, 2021 and 2020, the Company incurred $0.1 million and an immaterial amount, respectively, of administrative fees attributable to the plan.