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Benefit Plans
9 Months Ended
Sep. 30, 2020
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 and nine months ended September 30, 2020 and 2019, respectively, were as follows:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

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

 

$

164

 

 

$

165

 

 

$

560

 

 

$

484

 

Defined contribution plans - foreign employees

 

 

9

 

 

 

111

 

 

 

41

 

 

 

356

 

Total

 

$

173

 

 

$

276

 

 

$

601

 

 

$

840

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contributions for foreign employees were lower for the nine months ended September 30, 2020 because employer contributions to Chinese government sponsored retirement programs were not required for the first nine months of fiscal 2020.