Profit Sharing Plan	12 Months Ended
Aug. 31, 2021
Profit Sharing Plan
Profit Sharing Plan	Note 6. Profit Sharing Plan The Company has a defined contribution 401(k) profit sharing plan (“401(k) plan”) for all eligible employees. Employees are eligible to contribute to the 401(k) plan after six months of employment. Under the 401(k) plan, employees may contribute up to 15% of their compensation. The Company has the discretion to match 50% of the employee contributions up to 4% of employees’ compensation. The Company’s contributions are subject to a five-year vesting period beginning the second year of service. The Company’s contribution expense was approximately $479,000 and $446,000 for the years ended August 31, 2021 and 2020, respectively.

Profit Sharing Plan

12 Months Ended

Aug. 31, 2021

Note 6. Profit Sharing Plan

The Company has a defined contribution 401(k) profit sharing plan (“401(k) plan”) for all eligible employees. Employees are eligible to contribute to the 401(k) plan after six months of employment. Under the 401(k) plan, employees may contribute up to 15% of their compensation. The Company has the discretion to match 50% of the employee contributions up to 4% of employees’ compensation. The Company’s contributions are subject to a five-year vesting period beginning the second year of service. The Company’s contribution expense was approximately $479,000 and $446,000 for the years ended August 31, 2021 and 2020, respectively.