Annual report pursuant to Section 13 and 15(d)

401 (K) Plan

v3.3.1.900
401 (K) Plan
12 Months Ended
Nov. 30, 2015
Compensation and Retirement Disclosure [Abstract]  
401 (K) PLAN
401(K) PLAN
The Company has a 401(K) Profit Sharing Plan for its employees. The Company previously had union employees who were terminated due to the closing of the warehouse. The Company had two separate 401 (K) plans, one for union and one for non-union employees. 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 non-union plan requires six months of service. Employees 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 2015, 2014 and 2013, the Company did not make any contributions.