XML 36 R19.htm IDEA: XBRL DOCUMENT v3.22.4
Retirement Benefit Plans
12 Months Ended
Dec. 31, 2022
Retirement Benefits [Abstract]  
Retirement Benefit Plans Retirement Benefit Plans:
The Company has a defined contribution benefit plan, the Tractor Supply Company 401(k) Retirement Savings Plan (the “401(k) Plan”), which provides retirement benefits for eligible employees.  The Company matches (in cash) 100% of the employee’s elective contributions up to 3% of eligible compensation plus 50% of the employee’s elective contributions from 3% to 6% of eligible compensation.  In no event shall the total Company match made on behalf of the employee exceed 4.5% of the employee’s eligible compensation.  All current contributions are immediately vested.  Company contributions to the 401(k) Plan were approximately $17.2 million, $15.3 million, and $12.9 million during fiscal 2022, 2021, and 2020, respectively.

The Company offers, through a deferred compensation program, the opportunity for certain qualifying employees to elect to defer a portion of their annual base salary and/or their annual incentive bonus.  Under the deferred compensation program, a percentage of the participants’ salary deferral is matched by the Company, limited to a maximum annual matching contribution of $4,500.  The Company’s contributions, including accrued interest, were $0.6 million, $0.3 million, and $0.6 million during fiscal 2022, 2021, and 2020, respectively.