GREYSTONE LOGISTICS, INC.
For the period ended May 31, 2025. Filed Aug 29, 2025.
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FY2025 · Filed Aug 29, 2025
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Retirement Plan
| Note 11. | RETIREMENT PLAN |
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Greystone implemented a defined contribution and profit-sharing plan effective January 1, 2019. The defined contribution plan is an Internal Revenue Code of 1986, as amended, Section 401(k) plan. Greystone matches employee contributions up to 6% of employee contributions with a maximum employer contribution of 4% based on 100% of the first 3% and 50% of the next 2%. The employee is 100% vested for employer contributions to the 401(k) plan. Greystone’s contributions to the 401(k) plan totaled $295,075 and $292,361 in the fiscal years ended May 31, 2025 and 2024, respectively.
The profit-sharing plan is an employer nonelective plan. Greystone’s contributions are discretionary. Vesting is earned ratably over afive-year period. Greystone has not authorized or made any discretionary contributions since inception.
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