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DEFINED CONTRIBUTION PLAN
12 Months Ended
Dec. 31, 2021
DEFINED CONTRIBUTION PLAN  
DEFINED CONTRIBUTION PLAN

NOTE 18 — DEFINED CONTRIBUTION PLAN

 

The Company sponsors a defined contribution 401(k) plan that is subject to the provisions of the Employee Retirement Income Security Act of 1974. The plan covers substantially all employees who have completed one month of service. Participants can contribute up to 15% of their annual salary subject to Internal Revenue Service limitations. The Company matched 10% of the employee’s contribution up to 6% of the employee’s salary for the Fiscal 2021 and Fiscal 2020 plans.