RETIREMENT PLANS

12 Months Ended

Apr. 30, 2013

Retirement Plans [Abstract]

RETIREMENT PLANS

NOTE 11 - 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, 2013 and 2012.

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		Pension		FIP/RP	Expiration of  Collective
	Identification		Certified Zone Status		Status Pending	Bargaining	Company's Contributions
Pension Plan Legal name	Number		2011	2010	or Implemented	Arrangement	2013		2012
Local 351 IBEW Pension Plan		22-3417366	Green	Green	Yes	Eff. until terminated	$	376,056	$	736,870
Puget Sound Electrical Workers Pension Plan		91-6180333 / 001	Green	Green	No	5/31/2015		253,944		304,420
Board of Trustees of the IBEW Local 102 Pension Plan		22-1615726	Green	Green	Yes	Eff. until terminated		33,112		175,683
Board of Trustees of the IBEW Local 269 Pension Fund		23-7301491	Green	Green	Yes	Eff. until terminated		65,343		388,889
IBEW Local 76 Retirement Plan		91-6243526 / 001	NA	NA	Yes	8/31/2015		111,711		51,346
International Brotherhood of Electrical Workers District No. 9 Pension Plan		93-6074829	NA	NA	No	11/30/2014		223,139		225,673
IBEW Local 164 Pension Fund		22-6031199	Yellow	Yellow	Yes	Eff. until terminated		17,149		102,882
Other plans								44,118		245,032
Totals							$	1,124,571	$	2,230,795

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.