EMPLOYEE BENEFIT PLANS

12 Months Ended

Sep. 30, 2019

Compensation Related Costs [Abstract]

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS:

The Company offers a retirement savings plan for its employees under Section 401(k) and Section 401(a) of the Internal Revenue Code (the “Mohegan Retirement and 401(k) Plan”). The Company may make discretionary matching contributions of 50%, up to the first 3% of participants’ eligible compensation contributed to the 401(k) portion of the plan. The Company contributed $2.4 million, $2.5 million and $2.6 million, net of forfeitures, to the Mohegan Retirement and 401(k) Plan for the fiscal years ended September 30, 2019, 2018 and 2017, respectively.

The Company, together with the Mohegan Tribe, offers a non-qualified deferred compensation plan for certain key employees (the “Mohegan Deferred Compensation Plan”). As of September 30, 2019 and 2018, the balance under the Mohegan Deferred Compensation Plan totaled $10.4 million and $10.3 million, respectively, and is recorded within other current assets.

The Company, together with the Mohegan Tribe, offers a benefit plan for certain eligible employees (the “Mohegan Benefit Plan”). The Mohegan Benefit Plan is sponsored by the Mohegan Tribe for the benefit of participants who authorize the purchase of life insurance policies as a means of providing certain life insurance benefits to the participants and their spouses as joint insured. As of September 30, 2019 and 2018, the balance under the Mohegan Benefit Plan totaled $5.5 million and $4.2 million, respectively, and is recorded in other assets, net.