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Benefit Plans
6 Months Ended
Jun. 30, 2021
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% 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 six months ended June 30, 2021 and 2020, respectively, were as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

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

 

$

184

 

 

$

158

 

 

$

356

 

 

$

396

 

Defined contribution plans - foreign employees

 

 

119

 

 

 

9

 

 

 

206

 

 

 

32

 

Total

 

$

303

 

 

$

167

 

 

$

562

 

 

$

428

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contributions for foreign employees was higher for the three and six months ended June 30, 2021 because of the addition of Smarteq employer required contributions and employer contributions to Chinese government sponsored retirement programs were not required from February 2020 through December 2020.