Ross Stores (ROST)

Note G: Employee Benefit Plans

The Company has a defined contribution plan that is available to certain employees. Under the plan, employee and Company contributions and accumulated plan earnings qualify for favorable tax treatment under Section 401(k) of the Internal Revenue Code. This plan permits employees to make contributions up to the maximum limits allowable under the Internal Revenue Code. The Company matches up to 4% of the employee’s salary up to the plan limits. Company matching contributions to the 401(k) plan were $6.8 million, $6.1 million and $5.1 million in fiscal 2007, 2006 and 2005, respectively.

45

Note G: Employee Benefit Plans

The Company has a defined
contribution plan that is available to certain employees. Under the plan,
employee and Company contributions and accumulated plan earnings qualify for
favorable tax treatment under Section 401(k) of the Internal Revenue Code. This
plan permits employees to make contributions up to the maximum limits allowable
under the Internal Revenue Code. The Company matches up to 4% of the employee’s
salary up to the plan limits. Company matching contributions to the 401(k) plan
were $6.8 million, $6.1 million and $5.1 million in fiscal 2007, 2006 and 2005,
respectively.

45

Note G: Employee Benefit Plans

The Company has a defined contribution plan that is available to certain employees. Under the plan, employee and Company contributions and accumulated plan earnings qualify for favorable tax treatment under Section 401(k) of the Internal Revenue Code. This plan permits employees to make contributions up to the maximum limits allowable under the Internal Revenue Code. The Company matches up to 4% of the employee’s salary up to the plan limits. Company matching contributions to the 401(k) plan were $6.1 million, $5.1 million and $4.6 million in fiscal 2006, 2005 and 2004, respectively.

The Company also has an Incentive Compensation Plan, which provides cash awards to key management employees based on the Company's and the individual's performance. The Company also makes available to management a Non-qualified Deferred Compensation Plan which allows management to make payroll contributions on a pre-tax basis in addition to the 401(k) plan. Other long-term assets include $47.0 million and $43.4 million at February 3, 2007 and January 28, 2006, respectively, of long-term investments, at market value, set aside or designated for the Non-qualified Deferred Compensation Plan. Plan investments are designated by the participants, and investment returns are not guaranteed by the Company.

In addition, the Company has certain individuals who receive or will receive post-employment benefits. The estimated liability for these benefits of $2.5 million is included in accrued liabilities and other in the accompanying consolidated balance sheet as of February 3, 2007.

Note F:  Employee Benefit Plans

The Company has available to certain employees a defined contribution plan.  Under the plan, employee and Company contributions and accumulated plan earnings qualify for favorable tax treatment under Section 401(k) of the Internal Revenue Code.  This plan permits employees to make contributions up to the maximum limits allowable under the Internal Revenue Code.  The Company matches up to 4% of the employee’s salary up to the plan limits.  Company matching contributions to the 401(k) plan were $5.1 million, $4.6 million and $4.5 million in 2005, 2004 and 2003, respectively. 

The Company also has in place an Incentive Compensation Plan, which provides cash awards to key management employees based on the Company’s and the individual’s performance. The Company also makes available to management a Non-qualified Deferred Compensation Plan which allows management to make payroll contributions on a pre-tax basis in addition to the 401(k) plan.  This plan does not qualify under Section 401(k) of the Internal Revenue Code.  Other long-term assets include $43.4 million and $42.8 million at January 28, 2006 and January 29, 2005, respectively, of long-term investments, at market value, set aside or designated for the Non-qualified Deferred Compensation Plan.  Plan investments are designated by the participants, and investment returns are not guaranteed by the Company.

40

Note F:  Employee Benefit Plans

The Company has available to certain employees a defined contribution plan.  Under the plan, employee and Company contributions and accumulated plan earnings qualify for favorable tax treatment under Section 401(k) of the Internal Revenue Code.  This plan permits employees to make contributions up to the maximum limits allowable under the Internal Revenue Code.  In January 2002, the Company increased its matching to 4% of the employee’s salary up to the plan limits.  Company matching contributions to the 401(k) plan were $4.6 million, $4.5 million and $4.2 million in 2004, 2003 and 2002, respectively. 

42