Annual report pursuant to Section 13 and 15(d)

Defined Contribution Plan

v3.22.1
Defined Contribution Plan
 12 Months Ended
Jan. 01, 2022
Retirement Benefits [Abstract]  
Defined Contribution Plan

Note 20: Defined contribution plan

The Company has a defined contribution salary deferral plan covering substantially all employees under Section 401(k) of the Internal Revenue Code of 1986, as amended (the “Code”). The Company contributes an amount equal to 10 cents for each dollar contributed by each employee up to a maximum of 5% of each employee’s compensation. The Company recognized expense for contributions to the plans of approximately $30,000 and $20,000 for the fiscal years ended January 1, 2022 and January 2, 2021, respectively.