PROFIT SHARING PLAN

12 Months Ended

Sep. 30, 2021

PROFIT SHARING PLAN

PROFIT SHARING PLAN

9. PROFIT SHARING PLAN:

The Company sponsors a profit sharing plan (i.e. a section 401(k) plan) covering substantially all employees. The plan allows employees to make voluntary contributions up to 100% of their compensation, subject to Internal Revenue Service limits. The Company matches 100% of the first 2% contributed and 50% of the next 4% contributed for a maximum match of 4% of employee compensation. The Company made matching contributions to the profit sharing plan of approximately $1.0 million and $0.9 million (net of employee forfeitures) in fiscal 2021 and fiscal 2020, respectively.