Page 126 - Annual Report 2016 - Cover & Divider Pages.indd
P. 126

respectively.




                                                                                                                                    NOTE 8 - RETIREMENT PLANS
                                                                                            NOTE 9 - SUBSEQUENT EVENTS




        See Independent Accountant's Review Report.













                                                                                                                                                FGM ARCHITECTS INC.


                                                                                                                                           NOTES TO THE FINANCIAL STATEMENTS






                                                                                   during this period that have not been properly disciosed in the notes to the financial statements.










                                                                                                               Company may purchase those shares, offer them to the ESOP Pian, or offer them to other stockholders of the Company.
                                                                                                      determined annually. The Company did not elect to make contributions for the years ended September 30, 2016 and 2015,
                                                                                     accompanying financial statements were available to be issued, and is not aware of any material subsequent events occurring
                                                                                                                               Employee Stock Ownership Plan. The Company sponsors an Employee Stock Ownership Plan, a qualified retirement plan
                                                                                                        employees who have attained age 21, The Company may elect discretionary and matching contributions to the plan, to be
                                                                                        Management has evaluated all known subsequent events from September 30, 2016 through December 13, 2016, the date the
                                                                                                                        to the plan, to be determined annually. For the years ended September 30, 2016 and 2015 the amounts of ESOP contributions
                                                                                                                 common stock are subject to a stockholder agreement dated September 29,2009. In the event shares are tendered for sale, the
                                                                                                          Profit Sharing Plan/401(k) Plan. The Company also sponsors a defined contribution Prof it Sharing Pian/401(k) Plan for ail of its
                                                                                                                    allocated shares and shares released for allocation as of September 30, 2016 and 2015 were 4,775. All shares of the Company
                                                                                                                             administered in accordance with sections 401(k), 409, and 4975(e)(7) of the internal Revenue Code, covering full-time
                                                                                                                      were $92,954 and $170/024, respectively. The Plan had no outstanding loans as of September 30, 2016 and 2015. The ESOP
                                                                                                                           employees who have completed one year of service and have attained age 21. The Company makes discretionary contributions
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