What is the total carrying value of restricted Rabbi Trust investments for Bw Premier Collection?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
vs. Fair Value Measurements
November 30, 2024
| (in thousands) | Carrying Value | Total | Quoted Prices in Active Markets for Identical Assets (Level 1) |
|---|---|---|---|
| Mutual funds | $ 101,602 | $ 101,602 | $101,602 |
| Mortgage and asset-backed securities | 83,694 | 83,372 | 83,372 |
| Corporate bonds | 77,126 | 76,300 | 76,300 |
| Common shares | 60,630 | 60,630 | 60,630 |
| U.S. treasury and government agency bonds | 48,487 | 48,283 | 48,283 |
| Municipal and provincial notes and bonds | 3,701 | 3,663 | 3,663 |
| Restricted Rabbi Trust investments | 17,220 | 17,220 | 17,220 |
| Total | $ 392,460 | $ 391,070 | $391,070 |
November 30, 2024
Carrying Value vs. Fair Value Measurements
November 30, 2023
| (in thousands) | Carrying Value | Total | Quoted Prices in Active Markets for Identical Assets (Level 1) |
|---|---|---|---|
| Mutual funds | $ 75,070 | $ 75,070 | $ 75,070 |
| Mortgage and asset-backed securities | 74,452 | 74,185 | 74,185 |
| Corporate bonds | 64,357 | 63,702 | 63,702 |
| Common shares | 44,630 | 44,630 | 44,630 |
| U.S. |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the carrying value of restricted Rabbi Trust investments is detailed in Item 23, which discusses the company's financial statements. The Rabbi Trust is related to the Nonqualified Deferred Compensation Plan (NQP) for key management employees. The investments within this trust are recorded at fair value and are specifically identified as 'Restricted Rabbi Trust investments' in the Consolidated Statements of Financial Position.
As of November 30, 2024, the carrying value for Bw Premier Collection's Restricted Rabbi Trust investments was $17,220,000. These investments are designated as trading securities and are carried at fair value, measured using Level 1 inputs, which are quoted prices for identical assets in active markets. This valuation method indicates a high level of transparency and reliability in the reported value.
As of November 30, 2023, the carrying value for Bw Premier Collection's Restricted Rabbi Trust investments was $17,037,000. The fair market value of these restricted investments are measured using Level 1 inputs (quoted prices for identical assets in active markets).
Prospective franchisees should understand that these figures reflect investments set aside to meet deferred compensation obligations to key management employees and do not directly impact the operations of individual franchised locations. However, they provide insight into the overall financial management and long-term liabilities of Bw Premier Collection.