Annual report pursuant to Section 13 and 15(d)

401 (K) Plan

v2.4.1.9
401 (K) Plan
12 Months Ended
Nov. 30, 2014
Compensation and Retirement Disclosure [Abstract]  
401 (K) PLAN
401(K) PLAN
The Company had a 401(K) Profit Sharing Plan for both union and non-union employees. The Company did not have any union employees as of November 30, 2014 due to the closing of the warehouse under its restructuring plan. Effective January 1, 2015, the former union employees who had been members of the union plan were transferred into the non-union plan, and the union plan was terminated. The union plan had required one year of service and the non-union plan requires six months of service. Employees for both plans must be 21 years or older to participate. Employees may make salary reduction contributions up to 25% of compensation not to exceed the federal government limits. The Plan allows for the Company to make discretionary contributions. For fiscal years 2014, 2013 and 2012, the Company did not make any contributions.