Annual report pursuant to Section 13 and 15(d)

401(k) Plan

v3.21.1
401(k) Plan
 12 Months Ended
Dec. 31, 2020
Retirement Benefits [Abstract]  
401(k) Plan

12. 401(k) Plan

 

Effective June 1, 2004, the Company adopted a defined contribution retirement plan under Section 401(k) of the Internal Revenue Code. The plan covers substantially all employees. Eligible employees may contribute amounts to the plan, via payroll withholdings, subject to certain limitations. The plan permits, but does not require, additional matching contributions to the plan by the Company on behalf of the participants in the plan. The Company incurred approximately $0.1  million relating to retirement contributions for each of the years ended December 31, 2020 and 2019.