Employee Benefit Plan

12 Months Ended

Feb. 02, 2013

Employee Benefit Plan

NOTE 13. Employee Benefit Plan

Effective January 1, 1995, we adopted the Hot Topic 401(k) Plan, or the 401(k) Plan.  All employees who have been employed by us for at least 90 days and are at least 21 years of age are eligible to participate.  Employees may contribute up to 25% of their eligible compensation to the 401(k) Plan, subject to a statutorily prescribed annual limit.  We may at our discretion contribute certain amounts to eligible employees’ accounts.  In January 2009, we began to contribute 50% of the first 4% of participants’ eligible contributions into their 401(k) Plan accounts.  We contributed $366,000,  $381,000 and $384,000 to eligible employees’ 401(k) accounts during fiscal 2012, 2011 and 2010, respectively.