RETIREMENT PLANS

12 Months Ended

Apr. 30, 2014

Compensation and Retirement Disclosure [Abstract]

NOTE 13 - RETIREMENT PLANS

The Company and its subsidiaries participate in employee savings plans under Section 401(k) of the Internal Revenue Code pursuant to which eligible employees may elect to defer a portion of their annual salary by contributing to the plan. There were no Company matching contributions made for the years ended April 30, 2014 and 2013.

The Company also contributes to various multiemployer pension plans pursuant to collective bargaining agreements. The information available to the Company about the multiemployer plans in which it participates, whether via request to the plan or publicly available, is generally dated due to the nature of the reporting cycle of multiemployer plans and legal requirements under the Employee Retirement Income Security Act (“ERISA”) as amended by the Multiemployer Pension Plan Amendments Act (“MPPAA”). Based upon these plans’ most recently available annual reports, the Company’s contribution to these plans were less than 5% of each such plan’s total contributions. The “FIP/RP Status Pending or Implemented” column indicates plans for which a financial improvement plan (FIP) or a rehabilitation plan (RP) is either pending or has been implemented. Information on significant multiemployer pension plans in which the Company participates is included in the table below.

	Federal Identification	Pension Certified Zone Status		FIP/RP Status Pending	Expiration of Collective Bargaining	Company's Contributions
Pension Plan Legal name	Number	2014	2013	or Implemented	Arrangement	2014		2013

International Brotherhood of Electrical Workers District No. 9 Pension Plan	93-6074829	NA	NA	No	11/30/2014	$	377,490	$	223,139
Local 351 IBEW Pension Plan	22-3417366	Yellow	Yellow	Yes	Eff. until terminated		946		376,056
Board of Trustees of the IBEW Local 102 Pension Plan	22-1615726	Green	Green	Yes	Eff. until terminated		760		33,112
Board of Trustees of the IBEW Local 269 Pension Fund	23-7301491	Green	Yellow	Yes	Eff. until terminated		22,775		65,343
IBEW Local 164 Pension Fund	22-6031199	Yellow	Yellow	Yes	Eff. until terminated		-		17,149
Other plans							9,319		12,356
Totals						$	411,290	$	727,155

Governmental regulations impose certain requirements relative to the multi-employer plans. In the event of plan termination or employer withdrawal, an employer may be liable for a portion of the plan’s unfunded vested benefits. The Company has not received information from the plan’s administrators to determine its share of unfunded vested benefits. The Company does not anticipate withdrawal from the plans, nor is the Company aware of any expected plan terminations.

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References+ Details