XML 26 R17.htm IDEA: XBRL DOCUMENT v3.10.0.1
11. Pension and Profit-sharing Plans
3 Months Ended
Nov. 30, 2018
Notes  
11. Pension and Profit-sharing Plans

11.          PENSION AND PROFIT-SHARING PLANS

 

The Company has a deferred compensation 401(k) plan for all employees with at least 12 months of service pending a monthly enrollment time.  The plan allows for a non-elective discretionary contribution based on the first $45,000 of eligible compensation, which was decreased from the prior $50,000 during the second quarter of fiscal 2018 and from $60,000 of eligible compensation during the second quarter of fiscal 2017. For the three months ended November 30, 2018 and 2017 the 401(k) compensation expense was $56,921 and $46,962, respectively.