v3.25.0.1
Employee Benefits
12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Employee Benefits

12. Employee Benefits

Effective January 1, 2009, the Company adopted a defined contribution 401(k) plan for employees who are at least 21 years of age. Employees are eligible to participate in the plan beginning on the first day of the calendar quarter following date of hire. Under the terms of the plan, employees may make voluntary contributions as a percent of compensation. The Company makes discretionary contributions to the 401(k) Plan equal to 100 percent of each employee’s pretax contributions up to 20 percent of the IRS Standard Limit. The Company’s total contributions to the 401(k) Plan were $0.7 million and $1.9 million for the years ended December 31, 2024 and 2023, respectively.