What was the reported amount for Chick Fil A's Postretirement plans for the years 2030-2034?
Chick_Fil_A Franchise · 2025 FDDAnswer from 2025 FDD Document
| ------------------------- | -- | -- | -- |
|---|
| | Weighted Average | | Unamortized Deferred | | | | |--------------------|---------------------|---------------------|-------------------------|----------------------------------------|--|--| | | Interest Rate | Outstanding | Issuance Costs | | | | | Senior Notes | 1.86% | $ 1,500,000,000 | $ 2,158,746 | Carrying Amount $ 1,497,841,254 | | | | Related Party Note | 4.75% | 660,126,120 | — | 660,126,120 | | | | Term Loan | 6.01% | 195,000,000 | 212,292 | 194,787,708 | | | | Total | | $ 2,355,126,120 | $ 2,371,038 | $ 2,352,755,082 | | | The following table summarizes the principal amounts due under our outstanding notes payable as of December 31, 2024:
| Year | Total |
|---|---|
| 2025 | $ 236,394,757 |
| 2026 | 392,433,426 |
| 2027 | 723,522,519 |
| 2028 | 224,661,894 |
| 2029 | 475,861,767 |
| Thereafter | 1,021,850,052 |
| Total notes payable outstanding | 3,074,724,415 |
| Unamortized deferred issuance costs | 4,425,586 |
| Carrying amount of notes payable | $ 3,070,298,829 |
6. Employee Benefit Plans
The Company has a qualified contributory profit sharing plan covering substantially all employees. The Company matches dollar-for-dollar up to 5% of eligible compensation contributed by each employee. The Company recorded contribution expense of approximately $48,105,000, $37,637,000, and $28,377,000, during the years ended December 31, 2024, 2023 and 2022, respectively, reflected within Selling, general and administrative expenses in the accompanying consolidated statements of comprehensive earnings.
The Company also has a qualified defined benefit pension plan covering certain eligible employees. As part of the acquisition of Dwarf House Group during 2024, the Company also acquired a defined benefit pension plan for employees of DHG which is now included in Chick-fil-A's existing plan as of the date of acquisition. The plan provides a defined benefit based on years of service and highest average compensation during a f
Source: Item 23 — Receipts (FDD pages 103–600)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, there is no information provided regarding the reported amount for Chick Fil A's postretirement plans for the years 2030-2034. The document includes information about employee benefit plans, including a qualified contributory profit sharing plan and defined benefit pension plans, as well as early retirement options and postretirement health benefits. However, it only provides specific financial figures for the years 2022, 2023, and 2024.
While the FDD details Chick Fil A's contributions to employee benefit plans and the underfunded balances of their pension plans as of December 31, 2023 and 2024, it does not offer any projections or data for future years such as 2030-2034. The provided excerpts focus on past and current financial status related to these plans.
A prospective franchisee researching Chick Fil A should inquire directly with the franchisor about any available projections or estimates for postretirement plan liabilities or expenses in future years. Understanding these potential long-term financial obligations could be valuable for assessing the overall financial health and stability of the company.