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Defined Contribution Plan
12 Months Ended
Jun. 30, 2022
Defined Contribution Plan  
Defined Contribution Plan

11. Defined Contribution Plan

 

The Company provides retirement benefits to its U.S.-based employees through a defined contribution retirement plan.  These benefits are offered under the Insperity 401(k) plan (the “Insperity Plan”).  The Insperity Plan is a defined 401(k) contribution plan that all employees, over the age of 21, are eligible to participate in after three months of employment.  Under the Insperity Plan, the Company matches 100% of the first 2% of employee contributions. As of June 30, 2022, there were 72 employees enrolled in this plan.  The Company made matching contributions of approximately $123,000 and $111,000 during the years ended June 30, 2022 and 2021, respectively.