Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plans

v3.20.1
Employee Benefit Plans
 12 Months Ended
Feb. 01, 2020
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Employee Benefit Plans Employee Benefit Plans
Dollar Tree Retirement Savings Plan
The Company maintains a defined contribution profit sharing and 401(k) plan which is available to all full-time, United States-based employees over 21 years of age. Eligible employees may make elective salary deferrals. The Company may make contributions, at its discretion, to eligible employees who have completed one year of service in which they have worked at least 1,000 hours.
Contributions to and reimbursements by the Company of expenses of the plan were recorded in the accompanying consolidated statements of operations as follows:
 
 
Year Ended
 
 
February 1,
 
February 2,
 
February 3,
(in millions)
 
2020
 
2019
 
2018
Cost of sales
 
$
8.1

 
$
8.7

 
$
7.8

Selling, general and administrative expenses
 
17.0

 
32.7

 
45.1

Total
 
$
25.1

 
$
41.4

 
$
52.9


Eligible employees vest in the Company’s profit sharing contributions based on the following schedule:
•
20% after two years of service
•
40% after three years of service
•
60% after four years of service
•
100% after five years of service

All eligible employees are immediately vested in any Company match contributions under the 401(k) portion of the plan.