Benefit Plans (Notes)
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12 Months Ended |
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Mar. 31, 2014
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Compensation and Retirement Disclosure [Abstract] | |
Compensation and Employee Benefit Plans [Text Block] |
Benefit Plans:
Westell 401(k) Plan
The Company sponsors a 401(k) benefit plan (the Westell Plan) which covers substantially all of its domestic employees. The Plan is a salary reduction plan that allows employees to defer up to 100% of wages subject to Internal Revenue Service limits. The Westell Plan also allows for Company discretionary and matching contributions. In January 2014, the Company established the matching contribution percentage made by the Company of 50% of participants' contributions, up to 4%. Matching contribution expense in fiscal year 2014 was approximately $79,000. There were no matching contributions in fiscal years 2013 or 2012.
Kentrox 401(k) Plan
During the first nine months of fiscal year 2014, the Company sponsored a 401(k) benefit plan (the Kentrox Plan) which covers substantially all of its domestic employees. On January 1, 2014, Kentrox was merged with and into Westell, Inc. The Kentrox Plan was a salary reduction plan that allows employees to defer up to 75% of wages subject to Internal Revenue Service limits. The Kentrox Plan also allowed for Company discretionary and matching contributions. The Company matching contribution percentage made by the Company was of 50% of participants' contributions, up to 6%. Matching contribution expense in fiscal year 2014 was approximately $105,000.
CSI 401(k) Plan
CSI employees participate in a 401(k) plan through ADPTotalSource (the CSI Plan). The CSI Plan allows employees to defer up to 100% of wages subject to Internal Revenue Service limits. The Company contributes a flat 3% of eligible employee earnings, regardless of the individual employee's contribution level. Contribution expense was approximately $16,000 since CSI was acquired on March 1, 2014.
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