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Retirement Savings Plan
12 Months Ended
Dec. 31, 2024
Retirement Savings Plan  
Retirement Savings Plan

14. Retirement Savings Plan

The Company has a defined contribution savings plan under Section 401(k) of the Internal Revenue Code. This plan covers substantially all employees who meet minimum age and service requirements and allows participants to defer a portion of their annual compensation on a pre-tax basis. Company contributions to the plan may be made at the discretion

of the Company’s board of directors. The Company has elected to match employee contributions to the 401(k) Plan up to 4% of the employee’s earnings, subject to certain limitations. Company contributions under the 401(k) Plan were $0.4 million and $0.7 million for the years ended December 31, 2024 and 2023, respectively.