401(k) Plan

9 Months Ended

Sep. 30, 2022

401 (k) Plan

401 (k) Plan

13.          401(k) Plan

The Company has a 401(k) plan that qualifies as a deferred compensation arrangement under Section 401 of the Code. Eligible employees may elect to defer a portion of their pretax earnings subject to certain statutory limits. Beginning January 1, 2021, the Company matches 100% up to the first $5,000 contributed by a participant. All matching contributions are immediately vested. Total matching contributions to the 401(k) Plan were $0.1 million for both of the three months ended September 30, 2022 and 2021 and $0.6 million for both of the nine months ended September 30, 2022 and 2021.