Benefit Plans

12 Months Ended

Dec. 28, 2019

Postemployment Benefits [Abstract]

Benefit Plans

Benefit Plans:

401(k) Plan

We maintain a defined contribution benefit plan, which covers substantially all Team Members after one year of service and who have attained the age of 21. The plan allows for Team Member salary deferrals, which are matched at our discretion. Company contributions to these plans were $17.9 million, $15.0 million and $14.2 million in 2019, 2018 and 2017.

Deferred Compensation

We maintain a non-qualified deferred compensation plan for certain Team Members. This plan provides for a minimum and maximum deferral percentage of the Team Member’s base salary and bonus, as determined by the Retirement Plan Committee. We established and maintained a deferred compensation liability for this plan. As of December 28, 2019 and December 29, 2018, these liabilities were $15.0 million and $12.2 million.