Retirement Benefits

12 Months Ended

Sep. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Retirement Benefits

NOTE 7 - RETIREMENT BENEFITS

The Company has a voluntary 401(k) employee benefit plan, which covers all eligible, domestic employees. The Company makes discretionary matching contributions subject to a maximum level, in accordance with the terms of the plan. The Company charged approximately $156,000 and $148,000 to expense under the provisions of the plan during the fiscal years 2014 and 2013, respectively.

The Company has a collective bargaining agreement covering production and maintenance employees at its Marquette, Iowa facility. Under this agreement, the Company contributed approximately $7,000 in fiscal 2013 to an employee pension fund. The amount contributed by the Company was based on an hourly rate per hours worked up to a maximum of 40 hours per week per employee. The Company’s obligation to contribute to this pension fund ended effective November 1, 2012. The Company has no remaining obligations with respect to this fund. All eligible employees can participate in the voluntary 401(k) employee benefit plan.