XML 36 R24.htm IDEA: XBRL DOCUMENT v3.22.2.2
Retirement Plan
12 Months Ended
Jun. 30, 2022
Compensation Related Costs [Abstract]  
Retirement Plan

18. Retirement Plan

The Company has participatory deferred compensation plans under which it matches 50% of employee contributions up to 6% of an eligible employee’s yearly compensation on a discretionary basis; provided, however, that, in response to the COVID-19 pandemic, for fiscal 2021, the Company reduced its match to 25% of employee contributions up to 6% of an eligible employee’s yearly compensation, with a limit of a match of 1% of an eligible employee’s yearly compensation. Employees are eligible to participate in the plans after one year of service. The Company contributed approximately $493,000 and $171,000 to the plans during fiscal 2022 and fiscal 2021, respectively. The plans are qualified plans under Section 401(k) of the Internal Revenue Code.