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Retirement Plan
12 Months Ended
Dec. 31, 2021
Retirement Plan  
Retirement Plan

12. Retirement Plan

 

The Company sponsors a participant contributory retirement 401(k) plan, which is available to all employees.  The Company’s contribution to the plan is either a percentage of the participant’s contribution (50% of the participant’s contribution up to a maximum of 6%) or a discretionary amount.  In the second quarter of 2020, the Company suspended the contribution match to the participant contributory retirement 401(k) plan to reduce costs and to better position the Company in an uncertain business environment due in part to the COVID-19 pandemic.  The Company's contribution match was reinstated in January 2021.  For the years ended December 31, 2021 and 2020, total contributions made by the Company were $160 and $60, respectively.