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Note 13 - Employee Benefit Plans
 12 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Retirement Benefits [Text Block]

Note 13. Employee Benefit Plans

 

We adopted the Mesa Laboratories, Inc. 401(K) Retirement Plan effective January 1, 2000. Under this plan, we match 100% of the first 4% of pay contributed by each eligible employee, and contributions vest immediately. Participation is voluntary, and employees are eligible on the first day of the month following their start date. For certain GPT subsidiaries, we have maintained the terms of the 401(K) plan that was in effect for the business immediately prior to acquisition. Under this plan, we match 100% of the first 6% of pay contributed by each eligible employee, and contributions vest over three years. For the years ended March 31, 2021, 2020 and 2019, respectively, we contributed $935, $661, and $663 to 401(K) retirement plans on behalf of employees.