The Company established its (k) Plan in The (k) Plan is a defined contribution plan covering all full-time, United States employees and is subject to the provisions of the Employee Retirement Income Security Act of and the Internal Revenue Code of (“IRC”). All United States employees of the Company are eligible to participate in the (k) Plan on the day of any subsequent or coincident with or next following the -month anniversary of their date of hire. Each year, participants contribute up to of their eligible annual compensation, subject to annual limitations established by the IRC. We at our discretion, make a matching and profit sharing contribution to the (k) Plan on behalf of each eligible participant, which vests immediately. The Company contributed million, million and million in matching and profit sharing contributions to employee (k) accounts during fiscal and respectively.

 

 

Ethan Allen provides additional benefits to selected members of management in the form of previously entered deferred compensation arrangements and a management cash bonus and other incentive programs. The total cost of these benefits was million, million, and million in fiscal and respectively.