v3.26.3
Party-in-Interest Transaction
12 Months Ended
Apr. 30, 2026
EBP 044  
EBP, Related Party and Party-in-Interest Transactions [Line Items]  
Party-in-Interest Transactions Party-in-Interest Transactions
Certain Plan investments are in common stock of the Company and investments managed by the Trustee, and therefore, these transactions qualify as party-in-interest transactions. However, such transactions qualify for prohibited transaction exemptions. The Company pays the Trustee’s administrative and trustee fees. For the years ended April 30, 2026 and 2025, the cost of those fees were covered by plan forfeitures and fees paid by terminated participants.
Certain Plan assets are loans to participants who are employees of the Company; therefore, these transactions qualify as party-in-interest transactions. However, such transactions qualify for prohibited transaction exemptions. Loan fees incurred and paid by Plan participants were $163,148 and $162,542 for the 2026 and 2025 Plan years, respectively. Terminated participants that elect to leave their accounts in the Plan are required to pay quarterly fees; therefore, these transactions also qualify as party-in-interest transactions. However, such transactions qualify for prohibited transaction exemptions. Fees paid by terminated participants were $391,737 and $380,402 for the years ended April 30, 2026 and 2025, respectively.