Defined Contribution Plans |
12 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Defined Contribution Plans [Abstract] | |
| Defined Contribution Plans |
18. Defined Contribution Plans
The Company has a 401(k) retirement plan covering all employees who are 21 years of age with at least six months of service. The plan permits eligible employees to make contributions up to certain limitations, with the Company matching 50% of each participating employee’s contribution up to the first 6% of employee compensation. Employees are immediately vested in their voluntary employee contributions and vest in the Company’s matching contributions ratably over five years. The Company’s matching contribution to the 401(k) retirement plan was $648,000, $626,000, and $148,000 for the years ended March 31, 2026, 2025, and 2024, respectively. During the year ended March 31, 2024, the Company’s matching contributions under its 401(k) retirement plan were temporarily halted through February 2024 when they were reinstated.
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