M-tron Industries, Inc.
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
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FY2024 · Filed Mar 27, 2025
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Employee Benefit Plan
11. Employee Benefit Plan
The Company offers a defined contribution plan for eligible employees that includes discretionary matching contributions up to 50% of thefirst 6% of eligible compensation contributed by participants, which became effective in* January 2023.LGL Group previously offered a defined contribution plan for eligible Company employees with similar terms and discretionary matching contributions. Participants vest in employer contributions starting after theirsecond* year of service at 20% increments, vesting 100% in year six. For the years ended* December 31, 2024and2023*, the Company made $187 and $162 in discretionary contributions, respectively.
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