Employee Benefits

12 Months Ended

Dec. 31, 2020

Postemployment Benefits [Abstract]

Employee Benefits

15. Employee Benefits

The Company has a 401(k) Plan which covers its eligible employees. The 401(k) Plan permits the participants to defer a portion of their compensation in accordance with the provisions of Section 401(k) of the IRC. Participant contributions are limited to a maximum annual amount as set periodically by the IRC. The Company started to match 50% of eligible participant contributions up to 6% annual contribution during the year ended December 31, 2018. The Company’s matching contribution to the 401(k) Plan was $1.1 million, $0.9 million, and $0.5 million for the years ended December 31, 2020, 2019, and 2018, respectively.