Retirement plans |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Retirement plans | |
| Retirement plans | Note 6. Retirement plans The Mayville Engineering Company, Inc. 401(k) Plan (the 401(k) Plan) covers substantially all employees meeting certain eligibility requirements. The 401(k) Plan is a defined contribution plan and is intended for eligible employees to defer tax-free contributions to save for retirement. Employees may contribute up to 50% of their eligible compensation to the 401(k) Plan, subject to the limits of Section 401(k) of the Internal Revenue Code. The Company provides a 50% match for employee contributions, up to 6%. For the three months ended June 30, 2025 and 2024, the Company’s employer match expense was $801 and $922, respectively. Total employer match expense for the six months ended June 30, 2025 and 2024 was $1,747 and $1,976, respectively. |