Annual report pursuant to Section 13 and 15(d)

Defined Contribution Plan

v3.7.0.1
Defined Contribution Plan
12 Months Ended
Oct. 02, 2016
Compensation and Retirement Disclosure [Abstract]  
Defined Contribution Plan

Note 15 — Defined Contribution Plan

 

The Company sponsors a defined contribution pension plan under Section 401(k) of the Internal Revenue Code for all employees.  Company contributions are voluntary and are determined annually at the discretion of the Board of Directors at the beginning of each fiscal year. For the fiscal years ending October 2, 2016 and September 27, 2015, the company offered a qualified automatic contribution arrangement (QACA) with a 100% match of the first 1% and 50% matching of the next 5% and a 2 year vesting requirement. The Company’s contribution expense for the fiscal years ended October 2, 2016 and September 27, 2015 were $133 thousand and $110 thousand, respectively.