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Note 9 - Employee Savings and Investment Plans | 12 Months Ended
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May 29, 2016
Notes to Financial Statements |
Pension and Other Postretirement Benefits Disclosure [Text Block] |
9. | Employee Savings and Investment Plans
The Company sponsors a 401(k) plan which is available to all Landec employees (“Landec Plan”), allows participants to contribute from 1% to 50% of their salaries, up to the Internal Revenue Service (“IRS”) limitation into designated investment funds. The Company matches 67% on the first 6% contributed by an employee. Employee and Company contributions are fully vested at the time of the contributions. The Company retains the right, by action of the Board of Directors, to amend, modify, or terminate the plan. For fiscal years 2016, 2015 and 2014, the Company contributed $1.3 million, $1.2 million and $1.1 million , respectively, to the Landec Plan.

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