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Employee Benefit Plans
12 Months Ended
Oct. 31, 2017
Retirement Benefits [Abstract]  
Employee Benefit Plans
Employee Benefit Plans
The Company has an Employee Stock Ownership Plan (“ESOP”) covering substantially all employees. Contributions to the ESOP are made in cash at the discretion of the Company’s Board of Directors. Total contributions to the ESOP were $18,000,000, $12,300,000, and $15,000,000 in fiscal 2017, 2016, and 2015, respectively. Contributions to the ESOP vary in amount, as the contributions are based on profitability.
The Company has a 401(k) Plan which covers substantially all employees after one year of service. Participants in the Plan may contribute up to the maximum allowed by Internal Revenue Service regulations. The Company matches 100% of employee contributions to the 401(k) Plan up to 3% of each employee’s salary, and 50% of employee contributions between 3% and 5% of each employee’s salary. The Company’s contributions to the 401(k) Plan totaled $8,472,000 in fiscal 2017; $7,404,000 in fiscal 2016; and $6,670,000 in fiscal 2015.