Under Chesters' retirement plan, when do the company matching contributions become fully vested?

According to Chesters's 2025 Franchise Disclosure Document, the company offers retirement benefits to certain employees through a shared services agreement with a related party. Chesters matches employee contributions based on a percentage of the salary each participant contributes.

The document specifies that Chesters' matching contributions to the retirement plan are fully vested at the time the match is made. This means that employees immediately have full ownership of the matching funds contributed by the company, with no waiting period or vesting schedule required.

For prospective franchisees, this information is relevant as it provides insight into the employee benefits that Chesters offers. While franchisees are not employees, understanding the benefits offered to employees can provide a sense of the company's values and its approach to employee compensation and retention. This can be a factor in assessing the overall health and stability of the franchise system.