XML 67 R32.htm IDEA: XBRL DOCUMENT v3.25.1
Defined Contribution Plans
12 Months Ended
Feb. 28, 2025
Retirement Benefits [Abstract]  
Defined Contribution Plans

NOTE 21 - Defined Contribution Plans

 

The Company has adopted two qualified 401(k) plans (the “401(k) Plans”), in which all employees over the age of 21 may participate. Depending on the 401(k) Plan, the Company makes either a safe Harbor contribution match of 100% of each participant’s contribution up to 3% of salary, and 50% of the next 2% of salary contributed, or a 3% non-elective contribution for all eligible participants. The matching contributions were $23,628 in 2025 and $17,112 in 2024.