What was the pension and postretirement expense for Del Taco in 2023?
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 sponsors programs that provide retirement benefits to its employees, including defined contribution plans, defined benefit pension plans, and postretirement healthcare plans. In 2023, Del Taco maintained a qualified savings plan pursuant to Section 401(k) of the Internal Revenue Code.
The document states that the contributions made under these plans were $2.3 million in fiscal year 2023. This figure reflects the company's contribution to the retirement plans offered to its employees.
For a prospective franchisee, this indicates that Del Taco invests in retirement benefits for its employees. However, the FDD does not specify the pension and postretirement expense specifically. A prospective franchisee should inquire with Del Taco about the specific breakdown of these expenses.