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Note 11 - Employee Benefit Plans
 12 Months Ended
Mar. 31, 2023
Notes to Financial Statements  
Retirement Benefits [Text Block]

Note 11. 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.

 

During the years ended March 31, 2023, 2022 and 2021, respectively, we contributed $1,768, $1,185, and $935 to Mesa Laboratories, Inc. 401(K) retirement plans on behalf of employees. Our employer match has increased over the years as employees from acquired companies have joined our 401(K) Retirement Plan.