How much did Del Taco contribute to the qualified savings plans in fiscal year 2023?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
. 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 under Section 401(k) of the Internal Revenue Code at the beginning of fiscal year 2024: the Jack in the Box Inc. Easy$aver Plus Plan and the Del Taco Savings Plan. These plans allow eligible employees to defer a percentage of their pay on a pre-tax basis. Effective January 1, 2024, the Del Taco Savings Plan was merged into the Easy$aver Plus Plan.
Del Taco's contributions to these qualified savings plans were $2.3 million in fiscal year 2023. This figure reflects the company's investment in its employees' retirement benefits, providing an incentive for employees to save for retirement through a company-sponsored plan.
Prospective franchisees should note that while these figures reflect past contributions, the specifics of employee benefits and retirement plans can change. It is advisable to inquire about the current employee benefits package, including retirement plans, to understand the costs and benefits associated with employing staff at a Del Taco franchise.