Annual report pursuant to Section 13 and 15(d)

Retirement Plan

v3.20.2
Retirement Plan
12 Months Ended
Jun. 30, 2020
Retirement Benefits [Abstract]  
Retirement Plan

17. Retirement Plan

The Company has participatory deferred compensation plans under which it matches half of employee contributions up to 6% 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 $491,000 and $453,000 to the plans during fiscal 2020 and fiscal 2019, respectively. The plans are qualified plans under Section 401(k) of the Internal Revenue Code.