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11. Pension and Profit-sharing Plans
9 Months Ended
May 31, 2019
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 6 months of service pending a monthly enrolment time.  The plan allows for a non-elective discretionary contribution plus matching employee contributions up to a specific limit. The percentages of contribution remain the discretion of the Board and are reviewed with management annually. For the nine months ended May 31, 2019 and 2018 the 401(k) compensation expense was $227,379 and $269,594, respectively.