Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plans

v3.20.4
Employee Benefit Plans
 12 Months Ended
Jan. 30, 2021
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Employee Benefit Plans Employee Benefit Plans
Dollar Tree Retirement Savings Plan
We maintain 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. We may make contributions, at our 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 us of expenses of the plan were recorded in the accompanying consolidated statements of operations as follows:
  Year Ended
  January 30, February 1, February 2,
(in millions) 2021 2020 2019
Cost of sales $ 7.4  $ 8.1  $ 8.7 
Selling, general and administrative expenses 19.0  17.0  32.7 
Total $ 26.4  $ 25.1  $ 41.4 
Eligible employees vest in our 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.