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Retirement Plan
12 Months Ended
Apr. 30, 2020
Retirement Plan  
Retirement Plan

9. Retirement Plan

The Company maintains a 401(k) defined contribution retirement plan for its employees. Participants are allowed to choose from a selection of mutual funds in order to designate how both employer and employee contributions are invested. Under the plan, the Company matches 50% of each employee’s contributions on the first 4% of the employee’s compensation contributed. The Company contributed $5.3 million, $4.7 million and $4.3 million, during the years ended April 30, 2020, 2019 and 2018, respectively. In June 2020, the Company temporarily suspended matching contributions under the plan.