BENEFIT PLANS

12 Months Ended

Dec. 31, 2022

BENEFIT PLANS

BENEFIT PLANS

12. BENEFIT PLANS

The Company established a defined contribution savings plan under Section 401(k) of the Internal Revenue Code in 2018. This plan covers substantially all employees who meet minimum age and service requirements and allows participants to defer a portion of their annual compensation on a pre-tax basis. Matching contributions to the plan may be made at the discretion of the Company’s Board. The Company made approximately $0.4 million and $0.2 million in matching contributions to the plan during the year ended December 31, 2022 and 2021, respectively.