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RETIREMENT PLAN.
12 Months Ended
Dec. 26, 2015
RETIREMENT PLAN.  
RETIREMENT PLAN.

 

7.RETIREMENT PLAN.

 

The Company maintains a defined contribution plan which covers substantially all employees of the Company who have reached the age of twenty-one years and have completed thirty days of credited service.  The plan provides that eligible employees can contribute from one to fifteen percent of their annual compensation and the Company will match fifty percent of each employee’s contributions up to four percent of the employee’s compensation. The Board of Directors may increase or decrease the Company’s contribution as business conditions permit. Expense for this plan was $411,756, $414,739 and $427,119 for the years ended December 26, 2015, December 27, 2014 and December 28, 2013, respectively.