Page 134 - FINAL Combined CB2_Neat
P. 134

during this period.


                                                                                                                                     NOTE 8 - RETIREMENT PLANS
                                                                                              NOTE 9 -SUBSEQUENT EVENTS




         See Independent Accountant's Review Report.













                                                                                                                                                 FGM ARCHITECTS INC.


                                                                                                                                            NOTES TO THE FINANCIAL STATEMENTS








                                                                                                                purchase those shares/ offer them to the ESOP, or offer them to other stockholders of the Company.


                                                                                                     September 30, 2017 and did not elect to make any such contributions for the year ended September 30, 2016.





                                                                                       accompanying financial statements were available to be issued, and is not aware of any material subsequent events occurring
                                                                                         Management has evaluated all known subsequent events from September 30, 2017 through December 5, 2017, the date the
                                                                                                                     allocated shares and shares released for allocation as of September 30,2017 and 2016 were 4,775. All shares of the Company
                                                                                                                                 Employee Stock Ownership Plan. The Company sponsors an Employee Stock Ownership Plan ("ESOP"), a qualified retirement
                                                                                                                       were $99,803 and $92,954, respectively. The Plan had no outstanding loans as of September 30, 2017 and 2016. The ESOP
                                                                                                         all of its employees who have attained age 21. The Company may elect discretionary and matching contributions to the PSP, to
                                                                                                            Profit Sharing Plan/401(k) Plan. The Company also sponsors a defined contribution Profit Sharing Plan/401(k) Plan ("PSP") for
                                                                                                                              plan administered in accordance with sections 401(k), 409, and 4975(e)(7) of the Internal Revenue Code, covering full-time
                                                                                                                   common stock are subject to the Company' stockholder agreement. In the event shares are tendered for sale, the Company may
                                                                                                       be determined annually. The Company elected discretionary profit sharing contributions of $59/622 for the year ended
                                                                                                                            employees who have completed one year of service and have attained age 21. The Company makes discretionary contributions
                                                                                                                          to the plan, to be determined annually. For the years ended September 30,2017 and 2016 the amounts of ESOP contributions
                                                                                                                                                   Page 10
   129   130   131   132   133   134   135   136   137   138   139