Defined-Contribution Savings Plan

12 Months Ended

Dec. 31, 2024

Defined-Contribution Savings Plan

Defined-Contribution Savings Plan

14. Defined-Contribution Savings Plan

The Company sponsors an employee retirement plan (the “401(k) Plan”) that provides certain eligible employees of the Company an opportunity to accumulate funds for retirement. The Company provides matching contributions on a discretionary basis. During the years ended December 31, 2024, 2023 and 2022, the Company recognized expense of $2.6 million, $2.6 million and $3.2 million, respectively, for matching contributions to the 401(k) Plan.