What amount of employer contributions were made to Health Plans for Del Taco in 2023?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
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Obligations and funded status — The following table provides a reconciliation of the changes in benefit obligations, plan assets, and funded status of our retirement plans for each fiscal year (in thousands):
| Qualifi | ed I | Plan | SERP | Postretirement I | Health Plans | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |||||
| Change in benefit obligation: | ||||||||||
| Obligation at beginning of year | $ 266,345 | $ | 293,342 | $ | 53,513 | $ 56,891 | $ | 11,891 | $ | 12,577 |
| Interest cost | 15,791 | 16,068 | 3,188 | 3,149 | 711 | 700 | ||||
| Participant contributions | _ | _ | _ | _ | 102 | 101 | ||||
| Actuarial loss (gain) | 29,769 | (13,792) | 5,199 | (1,287) | 1,186 | (383) | ||||
| Benefits paid | (13,985) | (14,884) | (4,803) | (5,240) | (1,268) | (1,145) | ||||
| Settlements and other | _ | (14,389) | _ | _ | 32 | 41 | ||||
| Obligation at end of year | $ 297,920 | $ | 266,345 | $ |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, information regarding employer contributions to health plans in 2023 is not explicitly detailed in the provided excerpts. While the document includes a table summarizing changes in benefit obligations for various plans, including health plans, it only provides data on items such as obligation at the beginning and end of the year, interest cost, participant contributions, actuarial loss or gain, benefits paid, and settlements.
Specifically, the table outlines the changes in benefit obligations for health plans, showing an obligation of $12,577 at the beginning of the year and $11,891 at the end of the year for 2023. It also lists interest costs of $700, participant contributions of $101, an actuarial loss of ($383), benefits paid of ($1,145), and settlements of $41. However, there is no separate line item or figure provided for employer contributions to these health plans.
Therefore, a prospective Del Taco franchisee seeking this specific information should directly ask Del Taco for clarification on the amount of employer contributions made to health plans in 2023. This information is crucial for understanding the overall compensation and benefits structure for employees, which can impact the franchisee's operating costs and profitability.