RETIREMENT PLAN |
12 Months Ended |
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Dec. 31, 2024 | |
RETIREMENT PLAN | |
RETIREMENT PLAN | (16) RETIREMENT PLAN In 2012, the Company established a defined contribution retirement plan for its employees under section 401(k) of the Internal Revenue Code (the “401(k) Plan”) that is available to all employees 18 years of age or older with at least three months of service. All employee contributions are fully vested immediately and employer contributions vest over a period of four years. The Company has a discretionary employee match program and currently matches 35% of the first 6% of an employee’s contributions. During the years ended December 31, 2024 and 2023, the Company recorded an expense of $0.9 million and $0.8 million, respectively, under the aforementioned plan associated with the Company match.
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