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PENSION AND PROFIT-SHARING PLANS
 3 Months Ended
Nov. 30, 2022
Retirement Benefits [Abstract]  
PENSION AND PROFIT-SHARING PLANS

 

10.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 enrollment 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 three-month periods ended November 30, 2022 and 2021 the 401(k) compensation expense were $126,938 and $146,235, respectively.