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Employee Benefit Plan
12 Months Ended
Dec. 31, 2023
Postemployment Benefits [Abstract]  
Employee Benefit Plan Employee Benefit Plan
In October 2010, the Company established a safe harbor 401(k) plan, which is available to full-time U.S.-based office employees who meet the plan’s eligibility requirements. The plan allows participants to contribute to the plan a percentage of pre-tax compensation, but not in excess of the maximum allowed under the Internal Revenue Code. The Company matches 100% of each participant’s contributions, up to 6% of each participant's salary. Matching contributions vest immediately. Total matching contributions incurred and included in General and administrative expenses for the years ended December 31, 2023, 2022 and 2021 was $0.5 million, $0.4 million and $0.4 million, respectively.
The Company has a discretionary profit-sharing contribution program under which employees may receive profit sharing contributions based on the Company’s annual operating performance. For the years ended December 31, 2023, 2022 and 2021, the Company did not make a profit-sharing contribution.