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Employee Benefit Plans
 12 Months Ended
Jun. 30, 2020
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
Defined Contribution Plans
The Company sponsors defined contribution savings plans for all eligible employees meeting length of service requirements. Under the primary plan, participants may contribute an amount up to 25% of pretax annual compensation subject to certain limitations. The Company matches 100% of the first 3% of employee contributions and 50% of the next 2% of employee contributions. The Company matching contributions vest immediately.
The Company’s matching contributions were $6.2 million in each of the fiscal years ended June 30, 2020 and 2019 and $5.8 million for the fiscal year ended June 30, 2018.
Multiemployer Pension Plans
The Company contributes to various union sponsored multiemployer benefit plans in the U.S. and Canada. Benefits under these plans are generally based on compensation levels and years of service.
For the Company, the financial risks of participating in multiemployer plans are different from single-employer plans in the following respects:
•Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers.
•If a participating employer discontinues contributions to a plan, the unfunded obligations of the plan may be borne by the remaining participating employers.
•If a participating employer chooses to stop participating in a plan, a withdrawal liability may be created based on the unfunded vested benefits for all employees in the plan.
Under federal legislation regarding multiemployer pension plans, in the event of a withdrawal from a plan or plan termination, companies are required to continue funding their proportionate share of such plan’s unfunded vested benefits. We are a participant in multiple union sponsored multiemployer plans, and, as a plan participant, our potential obligation could be significant. The amount of the potential obligation is not currently ascertainable because the information required to determine such amount is not identifiable or readily available.
Our participation in significant plans for the fiscal year ended June 30, 2020 is outlined in the table below. The “EIN/Pension Plan Number” column provides the Employer Identification Number (“EIN”) and the three digit plan number. The zone status is based on the latest information that the Company received from the plan and is certified by the plan’s actuary. Plans in the red zone are generally less than 65 percent funded, plans in the yellow zone are generally less than 80 percent funded, and plans in the green zone are generally at least 80 percent funded. The “FIP/RP Status Pending/Implemented” column indicates plans for which a financial improvement plan (“FIP”) or a rehabilitation plan (“RP”) is either pending or has been implemented. The “Surcharge Imposed” column includes plans in a red zone status that require a payment of a surcharge in excess of regular contributions. The last column lists the expiration date of the collective-bargaining agreement to which the plan is subject.  
Pension FundEIN/Pension
Plan Number		Pension
Protection Act
Zone Status		FIP/RP
Status
Pending or
Implemented		Company Contributions
Fiscal Year		Surcharge
Imposed		Expiration
Date of
Collective-
Bargaining
Agreement
20202019202020192018
     (In thousands)  
Boilermaker-Blacksmith National Pension Trust48-6168020/001YellowRedImplemented$6,634 $12,434 $8,525 No
Described below (1)
Joint Pension Fund Local Union 164 IBEW 22-6031199/001
Described below (2)
YellowImplemented1,560 2,180 2,391 No5/31/2021
Joint Pension Fund of Local Union No 102 IBEW22-1615726/001GreenGreenNA1,227 1,610 2,489 No5/31/2022
IBEW Local 456 Pension Plan22-6238995/001
Described below (2)
GreenNA427 574 6,005 No5/31/2021
Local 351 IBEW Pension Plan 
22-3417366/001GreenGreenNA1,709 2,025 1,187 No12/4/2021
Steamfitters Local Union No 420 Pension Plan23-2004424/001RedRedImplemented1,523 639 1,558 Yes
Described below (3)
IBEW Local Union 98 Pension Plan23-1990722/001RedRedImplemented352 828 1,106 Yes
Described below (3)
Indiana Laborers Pension Fund35-6027150/001
Described below (2)
GreenNA1,604 3,349 3,542 No
Described below (3)
Iron Workers Mid-America Pension Plan, Local 39536-6488227/001
Described below (2)
GreenNA840 2,596 4,412 No5/31/2024
Pipe Fitters Retirement Fund, Local 59762-6105084/001GreenGreenNA835 3,469 3,682 No
Described below (4)
Iron Workers Pension Plan of Western Pennsylvania, Local 325-1283169/001
Described below (2)
YellowImplemented500 2,317 1,539 No5/1/2021
Iron Workers Pension Plan, Local 5534-6682351/001
Described below (2)
Described below (2)
NA2,951 4,333 198 No6/30/2024
National Electrical Benefit Fund, Locals 488 and 12653-0181657/001GreenGreenNA1,502 4,577 824 No1/1/2023
Connecticut Plumbers and Pipefitters Pension Fund, Local 77706-6050353/001
Described below (2)
GreenNA— 3,307 115 No6/1/2021
Northwestern Ohio Plumbers and Pipefitters Pension, Local 5034-6502487/001
Described below (2)
GreenNA2,504 1,161 61 No3/31/2022
Ohio Carpenters' Pension Fund, Locals 1090 and 35134-6574360/001RedRedImplemented3,042 2,962 318 Yes4/30/2021
IBEW Local 654 Pension Plan23-6538183/001
Described below (2)
Described below (2)
NA1,021 1,006 1,620 No6/3/2023
Contributions to other multiemployer plans9,172 15,019 15,152 
Total contributions made$37,403 $64,386 $54,724 


(1)Our employees are members of several Boilermaker unions that participate in the Boilermaker-Blacksmith National Pension Trust. The most significant of these unions are Boilermakers Locals 549, 85, 92, 374, 363, and 128, which have collective bargaining agreements that expire on September 30, 2020, April 30, 2021, September 30, 2020, December 31, 2022, December 31, 2020 and April 30, 2022, respectively.
(2)For the Local 164 IBEW Pension Plan, Local 456 IBEW Pension Plan, Indiana Laborers Pension Fund, Local 395 Iron Workers Mid-America Pension Plan, Local 3 Iron Workers Pension Plan of Western Pennsylvania, Iron Workers Pension Plan Local 55, Local 777 Connecticut Plumbers and Pipefitters Pension Fund, Local 50 Northwestern Ohio Plumbers and Pipefitters Pension, and Local 654 IBEW Pension Plan, the Company has not received a funding notification that covers the Company's fiscal year 2020 during the preparation of this Form 10-K. For Local 55 Iron Workers Pension Plan and Local 654 IBEW Pension Plan, the Company has not received a funding notification that covers the Company's fiscal year 2019 either. Under Federal pension law, if a multiemployer pension plan is determined to be in critical or endangered status, the plan must provide notice of this status to participants, beneficiaries, the bargaining parties, the Pension Benefit Guaranty Corporation, and the Department of Labor. The Company also observed that these plans have not submitted any Critical or Endangered Status Notices to the Department of Labor for calendar years that we have not received notification. The Critical or Endangered Status Notices can be accessed at https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/public-disclosure/critical-status-notices.
(3)At the time of the filing of this Form 10-K, the Company's collective bargaining agreements have expired for these unions and no new agreements are in place.
(4)The Company's collective bargaining agreement with Pipe Fitters Local 597 does not have an expiration date. The agreement was last renegotiated in 2019.
Employee Stock Purchase Plan
The Matrix Service Company 2011 Employee Stock Purchase Plan (“ESPP”) was effective January 1, 2011. The ESPP allows employees to purchase shares through payroll deductions and members of the Board of Directors to purchase shares from amounts withheld from their cash retainers. Share purchases are limited to an aggregate market value of no greater than $60,000 per calendar year per participant and are purchased from the Company at the current market value with no discount to the participant. Contributions are with after tax earnings and are accumulated in non-interest bearing accounts for quarterly purchases of company stock. Upon the purchase of shares, the participants receive all stockholder rights including dividend and voting rights, and are permitted to sell their shares at any time. The Company has made 1,000,000 shares available under the ESPP. The ESPP can be terminated at any time at the discretion of the Board of Directors and will automatically terminate on January 2, 2021. Shares are issued from Treasury Stock under the ESPP. There were 20,733 shares issued in fiscal 2020, 15,812 shares in fiscal 2019, and 21,920 shares in fiscal 2018.