401(k) and ProfitSharing Plan |
12 Months Ended |
---|---|
Dec. 31, 2022 | |
401(k) and ProfitSharing Plan | |
401(k) and Profit-Sharing Plan | Note 15. 401(k) and Profit-Sharing Plan
The Company has a defined contribution plan covering all employees who meet certain age and service requirements. The pension expense was $698,000 and $692,804 for 2022 and 2021, respectively. These amounts represent discretionary matching contributions of a portion of the voluntary employee salary deferrals under the 401(k) plan and discretionary profit-sharing contributions under the plan. |