|
Employee Benefit Plans
|
12 Months Ended |
|---|---|
|
Mar. 31, 2015
|
|
| Employee Benefit Plans | |
| Employee Benefit Plans |
13. Employee Benefit Plans The Company maintains a defined contribution 401(k) profit-sharing plan in which all employees are eligible to participate. Employees may contribute up to Internal Revenue Service annual limits or, if less, 90% of their eligible compensation. Employees are fully vested in their contributions to the plan. The plan also provides for both Company matching and discretionary contributions, which are determined by the Board of Directors. The Company began matching 50 cents on the dollar up to 4% of the employee's contributions in October 2006. Prior to that date, no Company contributions had been made since the inception of the plan. The Company's match vests 25% a year over four years starting from the employee's hire date. The expense recorded by the Company for the years ended March 31, 2015, 2014 and 2013 was approximately $0.3 million, $0.3 million and $0.2 million, respectively.
|