Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plan

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Employee Benefit Plan
12 Months Ended
Dec. 31, 2019
Retirement Benefits [Abstract]  
Employee Benefit Plan EMPLOYEE BENEFIT PLAN

We have a defined contribution plan (“401(k) Plan”) which allows eligible employees to contribute up to 75% of their compensation up to the IRS maximum. We match each employee’s deferrals (contributions) up to 6% of compensation and may make additional contributions at our discretion. Employees are immediately vested in the contributions made by us. Our contributions to the 401(k) Plan were $15 million, $9 million and $7 million for the years ended December 31, 2019, 2018 and 2017, respectively. We have made no discretionary contributions to the 401(k) Plan to date.