Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plans

v3.20.4
Employee Benefit Plans
12 Months Ended
Dec. 31, 2020
Employee Benefit Plans  
Employee Benefit Plans

Note 15 — Employee Benefit Plans

The Company has a Section 401(k) Savings Plan which covers employees who meet certain age and length of service requirements. Effective July 1, 2018, the Company’s Plan was amended to include a 100% match by the Company on all eligible employee salary deferrals. The Company’s matching contribution is limited to 3% of covered employee’s annual salary. Total 401(k) matching expense for the years ended December 31, 2020, 2019 and 2018 totaled $148,131, $142,414 and $100,188, respectively.