Employee Benefit Plan

12 Months Ended

Dec. 31, 2019

Employee Benefit Plan

Employee Benefit Plan

12. Employee Benefit Plan

We have a defined contribution plan under Section 401(k) of the Internal Revenue Code (“401(k) Plan”) covering all full-time employees who meet certain eligibility requirements. Eligible employees may defer up to 90% of their pre-tax eligible compensation, up to the annual maximum allowed by the Internal Revenue Service. Under the 401(k) Plan, we may, but are not obligated to, match a portion of the employee contributions up to a defined maximum. We made matching contributions of $1.0 million and $0.9 million for the years ended December 31, 2019 and 2018, respectively.