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Retirement Savings Plans
 12 Months Ended
Aug. 30, 2025
Retirement Savings Plans  
Retirement Savings Plans

Note M – Retirement Savings Plans

The Company has a 401(k) plan that covers all domestic employees who meet the plan’s participation requirements. The plan features include Company matching contributions, immediate 100% vesting of Company contributions and a savings option up to 25% of qualified earnings. The Company makes matching contributions, per pay period, up to a specified percentage of employees’ contributions as approved by the Board. The Company made matching contributions to employee accounts in connection with the 401(k) plan of $42.7 million in fiscal 2025, $39.0 million in fiscal 2024 and $37.3 million in fiscal 2023.

The Company also has a non-qualified executive deferred compensation plan which allows certain qualifying employees to defer a portion of their annual base salary and their annual incentive bonus. This plan provides for matching contributions similar to the 401(k) plan.