Employees Benefit Plan

9 Months Ended

Jan. 28, 2023

Employees' Defined Contribution Plan

Note 11. Employee Benefit Plans

We sponsor defined contribution plans for the benefit of substantially all of the employees of BNC and DSS. MBS maintains a profit sharing plan covering substantially all full-time employees of MBS. For all plans, we are responsible to fund the employer contributions directly. Total employee benefit expense for these plans was $1,151 and $1,155 during the 13 weeks ended January 28, 2023 and January 29, 2022, respectively. Total employee benefit expense for these plans was $3,545 and $2,203 during the 39 weeks ended January 28, 2023 and January 29, 2022, respectively.

Effective April 2020, due to the significant impact as a result of COVID-19 related campus store closures, we temporarily suspended employer matching contributions into our 401(k) plans. The matching contributions were reinstated effective July 25, 2021.