EMPLOYEE BENEFIT PLANS (Notes)

12 Months Ended

Jun. 30, 2017

Retirement Benefits [Abstract]

Employee Benefit Plans

Substantially all domestic employees are participants in the Koss Employee Stock Ownership Trust ("KESOT") under which an annual contribution in either cash or common stock may be made at the discretion of the Board of Directors.  No contributions were made for the fiscal years 2017 or 2016. 

The Company maintains a retirement savings plan under Section 401(k) of the Internal Revenue Code.  This plan covers all employees of the Company who have completed one full fiscal quarter of service.  Matching contributions can be made at the discretion of the Board of Directors.  For fiscal years 2017 and 2016, the matching contribution was 75% and 50% of employee contributions to the plan, respectively.  Vesting of Company contributions occurs immediately.  Company contributions were $303,950 and $186,877 during 2017 and 2016, respectively.