Annual report pursuant to Section 13 and 15(d)

Note F - Employee Benefit Plan

v3.5.0.2
Note F - Employee Benefit Plan
12 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
Pension and Other Postretirement Benefits Disclosure [Text Block]
NOTE F – EMPLOYEE BENEFIT PLAN
 
The Company maintains a contributory 401(k) profit sharing benefit plan, whereby eligible employees may contribute a portion of their earnings, not to exceed annual amounts allowed under the Internal Revenue Code. For the year ended September 30, 2014 and through December 31, 2014, the Company matched 100% of the first 3% and 50% of the next 2% of the participant’s eligible compensation that was contributed by the participant. Effective January 1, 2015, the Company matched 100% of the first 3% and 50% of the next 3% of the participant’s eligible compensation that was contributed by the participant. The Company’s contributions under this plan were $520,530, $460,868 and $379,630 for the years ended September 30, 2016, 2015 and 2014, respectively
.