factual

What payroll support services company did Benjamin Franklin Plumbing use, and for what years?

Benjamin_Franklin_Plumbing Franchise · 2025 FDD

Answer from 2025 FDD Document

x Paycor, a HR and payroll solutions company, provided payroll support services to the Company for the years ended December 31, 2023, and 2022.

Source: Item 22 — CONTRACTS (FDD pages 87–88)

What This Means (2025 FDD)

According to the 2025 Benjamin Franklin Plumbing FDD, Paycor, a HR and payroll solutions company, provided payroll support services to the Parent company. These expenses were then allocated to Benjamin Franklin Plumbing for the years ended December 31, 2023, and 2022.

This indicates that Benjamin Franklin Plumbing does not directly manage its payroll but rather relies on its Parent company, which in turn uses Paycor for these services. As a franchisee, you would not directly contract with Paycor. Instead, the fees for these services are allocated to the franchise, likely impacting the overall operating expenses.

It's important to note that while Paycor was used in 2022 and 2023, the FDD does not specify whether Paycor is still the current provider. A prospective franchisee should confirm with Benjamin Franklin Plumbing if they still use Paycor or if there has been a change in payroll service providers. Understanding the current payroll service and its associated costs is crucial for accurate financial planning.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.