Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plans

v3.23.1
Employee Benefit Plans
12 Months Ended
Jan. 31, 2023
Postemployment Benefits [Abstract]  
Employee Benefit Plans
13.
Employee Benefit Plans

The Company sponsors a 401(k) retirement savings plan (the “Plan”) that covers substantially all domestic employees of SeaChange. The Plan allows employees to contribute gross salary through payroll deductions up to the legally mandated limit. Participation in the Plan is available to full-time employees who meet eligibility requirements. As of April 1, 2020, the Company suspended its Plan contribution match as a cost-saving initiative but contributes to various foreign retirement plans for employees outside the U.S. in accordance to each local plan. The Company contributed less than $0.1 million and $0.1 million to various foreign retirement plans for the fiscal years ended January 31, 2023 and 2022, respectively.