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Employee Benefit Plans
 12 Months Ended
Jun. 30, 2024
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
Defined Contribution Plans
We sponsor defined contribution savings plans for all eligible employees meeting length of service requirements. Under the primary plan, participants may contribute an amount up to 75% of pretax annual compensation subject to certain limitations. We match 100% of the first 3% of employee contributions and 50% of the next 2% of employee contributions. Our matching contributions vest immediately.
Our matching contributions were $5.1 million in fiscal year ended June 30, 2024 and $5.3 million in each of the fiscal years ended June 30, 2023 and 2022.
Multiemployer Pension Plans
We contribute to a number of multiemployer defined benefit pension plans in the U.S. and Canada under the terms of collective-bargaining agreements that cover our union-represented employees, who are represented by more than 100 local unions. The related collective-bargaining agreements between those organizations and us, which specify the rate at which we must contribute to the multi-employer defined pension plan, expire at different times between 2023 and 2026. Benefits under these plans are generally based on compensation levels and years of service.
For us, the financial risks of participating in multiemployer plans are different from single-employer plans in the following respects:
•Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers.
•If a participating employer discontinues contributions to a plan, the unfunded obligations of the plan may be borne by the remaining participating employers.
•If a participating employer chooses to stop participating in a plan, a withdrawal liability may be created based on the unfunded vested benefits for all employees in the plan.
Under federal legislation regarding multiemployer pension plans, in the event of a withdrawal from a plan or plan termination, companies are required to continue funding their proportionate share of such plan’s unfunded vested benefits. We are a participant in multiple union sponsored multiemployer plans, and, as a plan participant, our potential obligation could be significant. The amount of the potential obligation is not currently ascertainable because the information required to determine such amount is not identifiable or readily available.
Our participation in significant plans for the fiscal year ended June 30, 2024 is outlined in the table below. The “EIN/Pension Plan Number” column provides the Employer Identification Number (“EIN”) and the three digit plan number. The zone status is based on the latest information that the Company received from the plan and is certified by the plan’s actuary. Plans in the red zone are generally less than 65 percent funded, plans in the yellow zone are generally less than 80 percent funded, and plans in the green zone are generally at least 80 percent funded. The “FIP/RP Status Pending/Implemented” column indicates plans for which a financial improvement plan (“FIP”) or a rehabilitation plan (“RP”) is either pending or has been implemented. The “Surcharge Imposed” column includes plans in a red zone status that require a payment of a surcharge in excess of regular contributions.
Pension FundEIN/Pension
Plan Number		Pension
Protection Act
Zone Status		FIP/RP
Status
Pending or
Implemented		Company Contributions
Fiscal Year		Surcharge
Imposed
20242023202420232022
     (In thousands) 
Boilermaker-Blacksmith National Pension Trust48-6168020/001
Red
RedImplemented$4,494 $5,284 $5,208 Yes
National Electrical Benefit Fund, IBEW locals 71, 126, 488, and 131953-0181657/001
Green
GreenNA2,666 3,437 2,973 No
Pipefitters Local 460 Pension Plan51-6108443/001
Green
GreenNA4,217 2,479 111 No
Joint Pension Fund Local Union 164 IBEW 22-6031199/001
Green
GreenNA1,257 1,724 1,514 No
IBEW Local 654 Pension Plan23-6538183/001
Green
GreenNA867 1,242 857 No
Joint Pension Fund of Local Union No 102 IBEW22-1615726/001
Green
GreenNA403 1,143 906 No
IBEW Local 456 Pension Plan22-6238995/001
Green
GreenNA801 1,180 734 No
Local 351 IBEW Pension Plan 
22-3417366/001GreenGreenNA841 1,033 395 No
Steamfitters Local Union No 420 Pension Plan23-2004424/001
Red
RedImplemented615 656 498 Yes
Pipefitters Local 342 Pension Plan94-3190386/001
Green
GreenNA9 498 345 No
IBEW Local 98 Pension Plan23-6583334/001
Yellow
YellowImplemented634 484 143 No
Laborers Local 220 Pension Plan43-6159056/001
Green
GreenNA747 427 24 No
Contributions to other multiemployer plans3,282 3,969 3,110 
Total contributions made$20,833 $23,556 $16,818 

(1)For the National Electrical Benefit Fund for Locals 71/126/488/1319, Pipefitters Local 460 Pension Plan, Local 351 IBEW Pension Plan, and Laborers Local 220 Pension Plan, we did not receive a funding notification that covered fiscal year 2023 during the preparation of the Form 10-K filed September 12, 2023. Under Federal pension law, if a multiemployer pension plan is determined to be in critical or endangered status, the plan must provide notice of this status to participants, beneficiaries, the bargaining parties, the Pension Benefit Guaranty Corporation, and the Department of Labor. We also observed that these plans have not submitted any Critical or Endangered Status Notices to the Department of Labor for calendar years that we have not received notification. The Critical or Endangered Status Notices can be accessed at https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/public-disclosure/2024-funding-status-notices#2024-c-and-d.
Employee Stock Purchase Plan
The Matrix Service Company 2011 Employee Stock Purchase Plan (“ESPP”) was effective January 1, 2011. The ESPP allows employees to purchase shares through payroll deductions and members of the Board of Directors to purchase shares from amounts withheld from their cash retainers. Share purchases are limited to an aggregate market value of no greater than $60,000 per calendar year per participant and are purchased from us at the current market value with no discount to the participant. Contributions are with after tax earnings and are accumulated in non-interest bearing accounts for quarterly purchases of company stock. Upon the purchase of shares, the participants receive all stockholder rights including dividend and voting rights and are permitted to sell their shares at any time. We have made 1,000,000 shares available under the ESPP and as of June 30, 2024 there were 750,482 shares available for purchase. The ESPP can be terminated at any time at the discretion of the Board of Directors and will automatically terminate once the plan shares are exhausted. Shares are issued from Treasury Stock under the ESPP. There were 19,775 shares issued in fiscal 2024, 50,139 shares in fiscal 2023, and 29,826 shares in fiscal 2022.