factual

Who is responsible for administering payroll and insurance plans for the Degree Wellness Licensed Provider?

Degree_Wellness Franchise · 2025 FDD

Answer from 2025 FDD Document

  • (f) Administering payroll and all insurance and fringe benefit plans of Licensed Provider and any employees of Licensed Provider;

Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 63–66)

What This Means (2025 FDD)

According to Degree Wellness's 2025 Franchise Disclosure Document, the Management Company is responsible for administering payroll, insurance, and fringe benefit plans for the Licensed Provider and their employees. This is one of the Management Company Services provided to the Licensed Provider.

This arrangement means that Degree Wellness franchisees (Licensed Providers) do not have to handle these administrative tasks themselves. Instead, the Management Company takes on the responsibility of managing payroll, insurance, and benefits, which can save the franchisee time and reduce the administrative burden of running the business.

However, it is important for prospective franchisees to understand the specifics of this arrangement. While the Management Company handles the administration, the Licensed Provider may still be responsible for providing the funds to cover these expenses. Additionally, the Licensed Provider should ensure they understand what insurance coverages are included in the plans administered by the Management Company and whether additional coverage is needed. The Licensed Provider should consult with their own insurance agents, brokers, and attorneys to determine what types of coverages and what level of insurance protection the Licensed Provider may need or desire, in addition to the coverages and minimum limits specified by Management Company.

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.