RETIREMENT PLANS

12 Months Ended

Apr. 30, 2012

Retirement Plans

RETIREMENT PLANS

NOTE 8 - 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, 2012 and 2011.

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. Information on significant multiemployer pension plans in which the Company participates is included in the table below.

			Pension Protection Act of 2006
	Federal Identification		Certified Zone Statusat April 30,				Expiration of Collective Bargaining	Company's Contributions
Pension Plan Legal name	Number		2012		2011		Arrangement with the Company	2012		2011
Board of Trustees of the IBEW Local 102 Pension Plan		22-1615726	Green		Green		Effective until terminated	$	175,683	$	22,691
IBEW Local 164 Pension Fund		22-6031199	Yellow		Yellow		Effective until terminated		102,882		28,109
Board of Trustees of the IBEW Local 269 Pension Fund		23-7301491	Green		Green		Effective until terminated		388,889		120,764
Local 351 IBEW Pension Plan		22-3417366	Green		Green		Effective until terminated		736,870		65,525
Board of Trustees of the IBEW Local 456 Pension Fund		22-6238995	Yellow		Yellow		Effective until terminated		227		2,711
Puget Sound Electrical Workers Pension Plan		91-6180333 / 001	Green		Green		5/31/2015		239,163		266,297
Puget Sound Electrical Workers Pension Plan		91-6180333 / 001	Green		Green		7/31/2013		65,257		53,763
IBEW Local 76 Retirement Plan		91-6243526 / 001		(1)		(1)	8/31/2015		14,583		40,471
I.B.E.W. Pacific Coast Pension Fund		94-6128032 / 001		(1)		(1)	8/31/2015		36,587		82,110
IBEW Local 76 Retirement Plan		91-6243526 / 001		(1)		(1)	5/31/2014		36,763		59,784
Local 191 IBEW Money Purchase Plan		91-1176302 / 001		(1)		(1)	5/31/2013		13,192		17,116
International Brotherhood of Electrical Workers District No 9 Pension Plan		93-6074829 / 001		(1)		(1)	5/31/2013		29,168		34,663
Local 191 IBEW Money Purchase Plan		91-1176302 / 001		(1)		(1)	5/31/2013		795		--
International Brotherhood of Electrical Workers District No 9 Pension Plan		93-6074829 / 001		(1)		(1)	5/31/2013		1,689		--
Local 191 IBEW Money Purchase Plan		91-1176302 / 001		(1)		(1)	5/31/2014		19,738		16,303
112/73 Retirement Plan NECA-IBEW		91-1167290 / 001		(1)		(1)	5/31/2013		-		3,782
112/73 Retirement Plan NECA-IBEW		91-1167290 / 001		(1)		(1)	5/31/2013		-		902
International Brotherhood of Electrical Workers District No. 9 Pension Plan		93-6074829		(1)		(1)	11/30/2014		225,673		265,689
I.B.E.W. Local Union No.340		94-2773477		(1)		(1)	11/30/2012		25,325		161,151
IBEW District No. 9 Pension Plan		93-6074829		(1)		(1)	6/30/2013		5,536		3,756
San Diego Electrical Annuity Plan		33-6162626		(1)		(1)	5/31/2014		6,798		9,898
Contra Costa County Electrical Worker Retirement Plan		94-6114525		(1)		(1)	5/31/2012		39,591		958
IBEW Local 595 Money Purchase Pension Plan		94-6125583	Yellow		Yellow		5/31/2014		57,737		40,655
Edison Pension Plan		93-6061681 / 001	Green		Green		12/31/2014		29,002		55,688
District 9 Pension							12/31/2014		28,713		61,230
Edison Pension Plan		93-6061681 / 001	Green		Green		12/31/2012		974		5,923
District 9 Pension							12/31/2012		554		4,294
								$	2,281,389	$	1,424,233

(1)   The Pension Protection Act of 2006 Certified Zone Status is not applicable for this pension plan.

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.