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12. Pension and Profit-sharing Plans
12 Months Ended
Aug. 31, 2014
Notes  
12. Pension and Profit-sharing Plans

12.  PENSION AND PROFIT-SHARING PLANS

 

The Company has a deferred compensation 401(k) plan for all employees with at least 12 months of service pending a semi-annual enrollment time.  The plan allows for a non-elective discretionary contribution based on the first $60,000 of eligible compensation. For the years ended August 31, 2014 and 2013 the 401(k) compensation expense was $218,431 and $200,723, respectively.