Savings Plan Retirement and Postretirement Benefits

12 Months Ended

Jan. 29, 2022

Retirement Benefits [Abstract]

Savings Plan Retirement and Postretirement Benefits

Note 14—Savings Plan Retirement and Postretirement Benefits

The Company sponsors the 401(k) Plan, which is a tax deferred savings plan whereby eligible team members may elect to contribute up to 50 percent of annual compensation on a pre-tax basis. The Company makes a 50 percent matching contribution up to six percent of the team member’s annual compensation. The Company match is made in cash and is participant-directed. The amount of the Company’s matching contribution was $2.9 million in fiscal 2022, $2.6 million in fiscal 2021 and $2.5 million in fiscal 2020. The Company does not provide post-retirement health care benefits for its team members.