Annual report pursuant to Section 13 and 15(d)

Employee Retirement Plans

v3.24.0.1
Employee Retirement Plans
 12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
Employee Retirement Plans Employee Retirement Plans
The Company has employee retirement plans at its U.S. and international locations. The followings are the plans for the Company.
401(k) Savings Plan for U.S. Employees
The Company has a defined contribution savings plan under Section 401(k) of the Internal Revenue Code and the plan allows participants to defer a portion of their annual compensation on a pre-tax basis. The Company provides a 3% employer contribution. For the fiscal years 2023, 2022 and 2021, the Company’s employer contributions were $1.6 million, $1.3 million and $0.5 million, respectively.
Other Retirement Plans
The Company has other retirement plans for employees at international locations. For the year 2023, the Company’s retirement plan expenses were not material.