Note 11 - Employee Benefit Plan

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Compensation and Employee Benefit Plans [Text Block]

( 11 ) Employee Benefit Plan

The Company maintains a

401

(k) Savings Plan for eligible employees.  The plan is a defined contribution plan that is administered by the Company. All regular, full-time employees are eligible for voluntary participation upon completing

one

year of service and having attained the age of

21.

 The plan provides for growth in savings through contributions and income from investments.  It is subject to the provisions of the Employee Retirement Income Security Act of

1974,

as amended. Plan participants are allowed to contribute a specified percentage of their base salary. In

2006,

the Company approved a matching contribution which is funded subsequent to the calendar year. During the fiscal years ended

March 

31,

2019,

2018,

and

2017,

the Company charged

$192,000,

$166,000,

and

$181,000,

respectively, of

401

(k) matching contribution and administration expense to general and administrative expenses.