General form of registration statement for all companies including face-amount certificate companies

401(k) Plan

v3.22.4
401(k) Plan
 12 Months Ended
Dec. 31, 2021
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, 2021 and 2020.