Annual report pursuant to Section 13 and 15(d)

BENEFIT PLANS

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BENEFIT PLANS
12 Months Ended
Dec. 31, 2021
BENEFIT PLANS  
BENEFIT PLANS

NOTE S - BENEFIT PLANS

The Company sponsors an employee retirement savings plan that qualifies under Section 401(k) of the Internal Revenue Code. Participating employees may contribute, but not more than statutory limits. The Company makes nondiscretionary 3% Safe Harbor contributions of participants’ eligible earnings who have completed the plan’s eligibility requirements. The contributions are made to the plan on behalf of the employees. Total nondiscretionary contributions to the plan were as follows (in thousands):

Year ended December 31, 

    

2021

    

2020

    

2019

Nondiscretionary contributions

    

$

929

    

$

753

    

$

875