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7. RETIREMENT PLAN
6 Months Ended
Sep. 30, 2013
Retirement Plan  
NOTE 7 - RETIREMENT PLAN

The Company has a 401(k) plan for its employees. All employees with 90 days of service are eligible to participate, unless they are covered by a collective bargaining agreement which precludes coverage. The Company matches employee contributions up to 3% of the employee's compensation, subject to IRS limits. During the three months ended September 30, 2013 and 2012, the Company incurred plan related expenses of $820 and $833, respectively, and $1.6 million and $1.6 million during the six months ended September 30, 2013 and 2012, respectively. These expenses are included in salaries and benefits in the accompanying unaudited condensed consolidated statements of operations.  At September 30 and March 31, 2013, accrued compensation and benefits in the accompanying unaudited condensed consolidated balance sheets included $2.5 million and $4.1 million, respectively, in accrued employer contributions.