Annual report pursuant to Section 13 and 15(d)

Retirement Plan

v3.7.0.1
Retirement Plan
12 Months Ended
Jun. 30, 2017
Retirement Benefits [Abstract]  
Retirement Plan

16. Retirement Plan

 

The Company has participatory deferred compensation plans under which it matches employee contributions up to 3% of an eligible employee’s yearly compensation on a discretionary basis.  Employees are eligible to participate in the plans after one year of service.  The Company contributed approximately $58,000 and $28,000 to the plans during fiscal 2017 and fiscal 2016, respectively.  The plans are qualified under Section 401(k) of the Internal Revenue Code.