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12. Pension and Profit-sharing Plans
9 Months Ended
May 31, 2014
Notes  
12. Pension and Profit-sharing Plans

12.          PENSION AND PROFIT-SHARING PLANS

 

The Company has a deferred compensation 401(k) plan for all employees with at least 12 months of service pending a semi-annual enrolment time.  The plan allows for a non-elective discretionary contribution based on the first $60,000 of eligible compensation. For the nine month periods ended May 31, 2014 and 2013, the 401(k) compensation expense was $147,685 and $166,224, respectively.