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Benefit Plans
3 Months Ended
Mar. 31, 2023
Compensation And Retirement Disclosure [Abstract]  
Benefit Plans

8. 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% 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 months ended March 31, 2023 and 2022, respectively, were as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

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

 

$

256

 

 

$

219

 

Defined contribution plans - Foreign employees

 

 

54

 

 

 

73

 

Total

 

$

310

 

 

$

292