Retirement Plan |
6 Months Ended |
|---|---|
May 31, 2025 | |
| Retirement Plan [Abstract] | |
| RETIREMENT PLAN | NOTE F – RETIREMENT PLAN
In June 1997, the Company adopted a qualified 401(k) retirement plan for all full-time employees who are twenty-one years of age and have completed twelve months of service. The plan allows total employee contributions of up to fifteen percent (15%) of the eligible employee’s salary through salary reduction. The Company makes a matching contribution of twenty percent (20%) of each employee’s contribution for each dollar of employee deferral up to five percent (5%) of the employee’s salary. Net assets for the plan, as estimated by Axa Equitable, Inc., which maintains the plan’s records, were approximately $2,147,000 at November 30, 2024. Pension expense for the six months ended May 31, 2025 and May 31, 2024 was $28,935 and $20,854, respectively. |