Annual report pursuant to Section 13 and 15(d)

EMPLOYEE BENEFIT PLAN

v3.20.4
EMPLOYEE BENEFIT PLAN
12 Months Ended
Dec. 31, 2020
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLAN EMPLOYEE BENEFIT PLAN          The Company has a 401(k) plan, modified effective January 1, 2019, whereby all employees with sixty days of service may contribute up to $19,500 to the plan annually. The employees vest in the Company contributions to the 401(k) plan 25% per year, beginning in the employee’s first year of service, with full vesting occurring after four years of service. The employees are fully vested in their contributions when made. The Company matches 100% of the employee contributions up to 6% of gross salary, up to the annual limit. During the years ended December 31, 2020, 2019 and 2018, the recorded expense under the plan was $2.1 million, $3.0 million and $0.3 million, respectively.