Employee Benefit Plan
|9 Months Ended|
Sep. 30, 2023
|Employee Benefit Plan [Abstract]|
|Employee Benefit Plan||
14. Employee Benefit Plan
Nauticus offers a 401(k) plan which permits eligible employees to contribute portions of their compensation to an investment trust. The Company makes contributions to the plan totaling 3% of employees’ gross salaries and such contributions vest immediately. The 401(k) plan provides several investment options, for which the employee has sole investment discretion. The Company’s cost for the 401(k) plan was $103,446 and $262,952 for the three and nine months ended September 30, 2023, respectively. The Company’s cost for the 401(k) plan was $89,854 and $252,166 for the three and nine months ended September 30, 2022, respectively.
The entire disclosure for retirement benefits.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef