Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plans

v3.23.3
Employee Benefit Plans
 12 Months Ended
Sep. 30, 2023
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
The Company offers a 401(k) retirement plan covering substantially all employees who are at least 18 years old and have more than six months of service. The Company makes discretionary employer contributions, subject to IRS safe harbor rules. Employer contributions charged to earnings during the fiscal years ended September 30, 2023, 2022 and 2021 were $6.8 million, $5.5 million, and $3.9 million, respectively.
In addition, the Company offers an Employee Stock Purchase Plan (“ESPP”), under which the first offering period commenced July 1, 2023. The purpose of the ESPP is to provide the Company’s employees with an opportunity to purchase shares on the exercise date at a price equal to 85% of the fair value of the Company’s Class A common stock as of either the exercise date, or the first day of the relevant offering period, whichever is less. Employer expense charged to earnings during the fiscal years ended September 30, 2023, 2022 and 2021 were $0.1 million, $0.0 million, and $0.0 million, respectively.