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IMUNON EMPLOYEE BENEFIT PLANS
12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
IMUNON EMPLOYEE BENEFIT PLANS

15. IMUNON EMPLOYEE BENEFIT PLANS

 

Imunon maintains a defined-contribution plan under Section 401(k) of the Code. The plan covers substantially all employees over the age of twenty-one. Participating employees may defer a portion of their pretax earnings, up to the IRS annual contribution limit. The Company makes a matching contribution up to a maximum of 3% of an employee’s annual salary. The Company’s total matching contributions for the year ended December 31, 2023 and 2022 were $142,000 and $117,000, respectively.