401(k) Savings Plan

12 Months Ended

Dec. 31, 2021

Retirement Benefits [Abstract]

401(k) Savings Plan

401(k) Savings Plan

Effective January 1, 2018, the Company adopted the 2018 401(k) Plan, a defined contribution plan under Section 401(k) of the Internal Revenue Code, whereby the Company provides matching contributions of 100% of each employee's contribution up to a maximum matching contribution of 3% of the employee's eligible compensation and at a rate of 50% of each employee's contribution in excess of 3% up to a maximum of 5% of the employee's eligible compensation.

Total employer matching contributions related to the 2018 401(k) Plan were $2.8 million, $2.3 million, and $0.9 million for the years ended December 31, 2021, 2020, and 2019, respectively.