Employees' Retirement Plan

6 Months Ended

Jan. 31, 2017

Compensation and Retirement Disclosure [Abstract]

Employees' Retirement Plan:

The Company sponsors a noncontributory Money Purchase Plan covering substantially all of its non-union employees. Operations were charged $92,148 and $194,657 as contributions to the Plan for the three and six months ended January 31, 2017, respectively, and $98,296 and $195,718 as contributions to the Plan for the three and six months ended January 31, 2016, respectively.

Multi-employer plan:

The Company contributes to a union sponsored multi-employer pension plan covering its union employees. The Company contributions to the pension plan were $14,377 and $26,988 for the three and six months ended January 31, 2017, respectively, and $16,440 and $29,593 as contributions to the Plan for the three and six months ended January 31, 2016, respectively. Contributions and costs are determined in accordance with the provisions of negotiated labor contracts or terms of the plans. The Company also contributes to union sponsored health benefit plans.

Contingent Liability for Pension Plan:

Information as to the Company’s portion of accumulated plan benefits and plan assets is not reported separately by the pension plan. Under the Employee Retirement Income Security Act, upon withdrawal from a multi-employer benefit plan, an employer is required to continue to pay its proportionate share of the plan’s unfunded vested benefits, if any. Any liability under this provision cannot be determined: however, the Company has not made a decision to withdraw from the plan.

Information for contributing employer’s participation in the multi-employer plan:

	Legal name of Plan:	United Food and Commercial
		Workers Local 888 Pension Fund
	Employer identification number:	13-6367793
	Plan number:	001
	Date of most recent Form 5500:	December 31, 2015
	Certified zone status:	Critical and declining status
	Status determination date:	January 1, 2015
	Plan used extended amortization provisions in status
	calculation:	Yes
	Minimum required contribution:	None
	Employer contributing greater than 5% of Plan
	contributions for year ended December 31, 2015:	Yes
	Rehabilitation plan implemented:	Yes
	Employer subject to surcharge:	Yes
	Contract expiration date:	November 30, 2019