What amount of employer contributions were made to Qualifi-related benefits for Del Taco in 2024?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
l year 2021 and forward. The statutes of limitations for California, which constitutes the Company's major state tax jurisdiction, have not expired for fiscal years 2018 and forward.
12. RETIREMENT PLANS
We sponsor programs that provide retirement benefits to our employees. These programs include defined contribution plans, defined benefit pension plans, and postretirement healthcare plans.
Defined contribution plans — At the beginning of fiscal year 2024, we maintained two qualified savings plans pursuant to Section 401(k) of the Internal Revenue Code ("IRC"); the Jack in the Box Inc. Easy$aver Plus Plan and the Del Taco Savings Plan. Effective January 1, 2024, the Del Taco Savings Plan was merged into the Easy$aver Plus Plan so that now we maintain one qualified savings plan. The plan allows all employees who meet certain age and minimum servic
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, the company maintained two qualified savings plans at the beginning of fiscal year 2024: the Jack in the Box Inc. Easy$aver Plus Plan and the Del Taco Savings Plan. Effective January 1, 2024, the Del Taco Savings Plan was merged into the Easy$aver Plus Plan.
Del Taco's contributions under these plans totaled $3.3 million in 2024, $2.3 million in 2023, and $2.1 million in 2022. This indicates an increase in employer contributions to these retirement plans over the three-year period.
For a prospective franchisee, this information highlights the company's investment in employee retirement benefits. While the specific details of the plans and individual eligibility are not detailed here, the contribution amounts suggest a commitment to providing retirement benefits to employees, which could aid in attracting and retaining staff.