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Employee Benefit Plans
12 Months Ended
Dec. 31, 2025
Employee Benefit Plans  
Employee Benefit Plans

16.  Employee Benefit Plans

The Company maintains employee benefit plans for its employees, which vary by jurisdiction and are subject to local statutory and regulatory requirements. During the years ended December 31, 2025 and 2024, employer contributions to all plans were $2.7 million and $2.5 million, respectively.

United States

On January 1, 2017, Meira LLC adopted a defined contribution retirement plan that complies with Section 401(k) of the Internal Revenue Code. All Meira LLC employees over the age of 21 are eligible to participate in the plan after three consecutive months of service. Employees are able to defer a portion of their pay into the plan on the first day of the month or after the day all age and service requirements have been met. The plan provides for a Company matching contribution. All eligible employees receive an employer matching contribution equal to the lesser of the amount the employee contributes to the plan or 6% of their salary up to the annual IRS limit.

United Kingdom

On August 1, 2016, Meira UK II adopted a defined contribution group personal pension plan that complies with HMRC for tax relief. All Meira UK II employees are eligible to participate in the plan upon joining the company and providing the required services. All eligible employees, if they elect to join the pension scheme, receive an employer pension contribution equal to 7.5% to 10.0% of their pensionable earnings. Currently, employees are required to contribute 0.5%, to meet minimum legal pension funding levels of 8%, but may make optional contributions up to the annual allowance HMRC limits.

During 2025, certain employees transferred to Meira UK as part of an internal organizational change. In connection with these transfers, Meira UK adopted a pension plan that mirrors the Meira UK II defined contribution pension plan, with substantially similar eligibility criteria, contribution rates, and terms, to ensure continuity of employee benefits.

Ireland

On November 20, 2020, Meira Ireland adopted a defined contribution pension plan. All Meira Ireland employees are eligible to participate in the plan upon joining the Company. All eligible employees, if they elect to join the pension scheme, receive an employer pension contribution. The Company’s current contribution, exclusive of an employee match, is 4.5%, which exceeds Revenue Ireland requirements.

Belgium

Meira Belgium operates a defined contribution pension plan. All eligible employees receive an employer pension contribution of 8% of their annual salary. Employees do not make contributions to the plan.