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Defined Contribution Benefit Plan
12 Months Ended
May 31, 2018
Defined Contribution Benefit Plan
8.

Defined Contribution Benefit Plan

We maintain a defined contribution 401(k) benefit plan covering substantially all domestic employees. Employees are permitted to defer compensation up to IRS limits, with Neogen matching 100% of the first 3% of deferred compensation and 50% of the next 2% deferred. Our expense under this plan was $1,325,000, $1,259,000, and $1,188,000 in fiscal years 2018, 2017 and 2016, respectively.