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11. Pension and Profit-sharing Plans
6 Months Ended
Feb. 28, 2018
Notes  
11. Pension and Profit-sharing Plans

11.          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 monthly enrollment time.  The plan allows for a non-elective discretionary contribution based on the first $45,000 of eligible compensation, which was decreased from the prior $50,000 during the second quarter of fiscal 2018 and from $60,000 of eligible compensation during the second quarter of fiscal 2017. For the six month periods ended February 28, 2018 and 2017, the 401(k) compensation expense was $166,369 and $160,157, respectively.