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Note 9 - Retirement Plan
 12 Months Ended
Sep. 26, 2023
Notes to Financial Statements  
Retirement Benefits [Text Block]

9.         Retirement Plan

 

The Company sponsors a qualified defined contribution 401(k) plan for employees meeting certain eligibility requirements. Under the plan, employees are entitled to make contributions on both a pre-tax basis or after-tax basis (Roth Contributions). In fiscal 2015, the Company modified the plan to include a provision to make a Safe Harbor Matching Contribution to all participating employees. The Company will match, on a dollar-for-dollar basis, the first 3% of eligible pay contributed by employees. The Company will also match 50% of each dollar contributed between 3% and 5% of eligible pay contributed by employees. The Company may, at its discretion, make additional contributions to the Plan or change the matching percentage. The Company’s matching contribution expense in the fiscal years ended September 26, 2023 and September 27, 2022 were $212,000 and $207,000, respectively. Matching contributions are generally made at the same time employee contributions are made.