We sponsor a qualified defined contribution retirement plan. The plan covers all employees who have attained the age of 21 and have completed 90 days of eligible service.

Eligible employees are allowed to contribute, subject to IRS limitations on total annual contributions, up to 50% of their base compensation and 75% of their eligible bonuses, as defined in the plan, to various investment funds. Effective January 1, 2026, the maximum contribution election for eligible bonus compensation was reduced from 100% to 75%.

We match, in cash, what an employee contributes at a rate of 100% of the first 3% and 50% of the next 2% with immediate vesting.

We contributed employer matching contributions in each fiscal year which is recorded to General and administrative in the Consolidated Statements of Comprehensive Income:


	Fiscal Years Ended
	June 24, 2026		June 25, 2025		June 26, 2024
Employer contributions match expenses	$	17.2	$	15.6	$	13.6