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Benefit Plans
9 Months Ended
Sep. 30, 2022
Compensation And Retirement Disclosure [Abstract]  
Benefit Plans

9. Benefit Plans

Employee Benefit Plans

The Company’s 401(k) plan covers all U.S. employees beginning the first day of the month following the first month of their employment. Under this plan, employees may elect to contribute up to 15% of their current compensation to the 401(k) plan up to the statutorily prescribed annual limit. The Company matches employee contributions up to 4% of compensation and may also make discretionary contributions to the 401(k) plan. The Company also contributes to various retirement plans for foreign employees.

The Company’s contributions to retirement plans during the three and nine months ended September 30, 2022 and 2021, respectively, were as follows:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

PCTEL, Inc. 401(k) profit sharing plan - US employees

 

$

187

 

 

$

184

 

 

$

593

 

 

$

540

 

Defined contribution plans - Foreign employees

 

 

55

 

 

 

115

 

 

 

190

 

 

 

322

 

Total

 

$

242

 

 

$

299

 

 

$

783

 

 

$

862