How much did Del Taco contribute to the qualified savings plans in fiscal year 2024?
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 made contributions to its qualified savings plans totaling $3.3 million in fiscal year 2024. These plans, which include the Jack in the Box Inc. Easy$aver Plus Plan and the Del Taco Savings Plan (merged into the Easy$aver Plus Plan on January 1, 2024), allow eligible employees to defer a percentage of their pay on a pre-tax basis.
For prospective Del Taco franchisees, this indicates that Del Taco provides retirement benefits to its employees through defined contribution plans. The company's contribution to these plans can be seen as part of the overall employee compensation package. This may help attract and retain employees, potentially reducing turnover and associated costs for franchisees who employ staff.
It's also worth noting that Del Taco maintains a non-qualified deferred compensation plan for key executives and management members whose contributions to the qualified savings plan are limited by IRS rules. In fiscal year 2024, Del Taco's contributions to this non-qualified plan were $0.2 million. This suggests that Del Taco offers additional benefits to its higher-level employees, which could incentivize strong leadership and management within the organization.