What is the company matching contribution provided by Camp Margaritaville for the 401(k) retirement plan?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
uded in selling, general, and administrative expenses on the accompanying consolidated statements of operations.
Notes to Consolidated Financial Statements (continued)
11. Management Equity Incentive Plan (MEIP) (continued)
Total compensation expense of the Class B and C shares is as follows:
| | December 31 | | | | | |---------|--------------------|------------|--|--|--| | | 2024 | 2023 | | | | | MEIP I | $ - $ | 5,218,279 | | | | | MEIP II | 3,308,988 | 6,256,041 | | | | | Total | $ 3,308,988 $ | 11,474,320 | | | | A summary of MEIP activity is presented below:
| Shares | Fair Value | Outstanding | Fair Value | Vested | Fair Value |
|---|
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, the company offers a 401(k) retirement plan to its employees. Participation in the plan is voluntary, and employees are eligible to enroll after one year of continuous service, provided they have worked a minimum of 1,000 hours and are age 21 or older. Enrollment opportunities occur twice a year, in January and July.
Camp Margaritaville provides a matching contribution to the 401(k) plan. Specifically, the company matches 100% of participant contributions up to the first 3% of the employee's compensation. Additionally, they match 50% of participant contributions for the next 2% of compensation. This means that if an employee contributes 5% of their salary, Camp Margaritaville will contribute a total of 4% (3% + 1%) of the employee's salary to their 401(k).
The document also notes the actual matching contributions made by the company in the past. For the year ended December 31, 2024, the company's matching contributions totaled $449,762, and for the year ended December 31, 2023, the matching contributions were $396,144. Participants are immediately vested in their contributions, the company's matching contributions, and any earnings thereon, meaning they have full ownership of these funds from the start.