Are the Del Taco post-retirement healthcare plans open to new participants?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
Postretirement healthcare plans — We also sponsor two healthcare plans, closed to new participants, that provide postretirement medical benefits to certain employees who have met minimum age and service requirements. The plans are contributory, with retiree contributions adjusted annually, and contain other cost-sharing features such as deductibles and coinsurance.
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 two healthcare plans that provide post-retirement medical benefits to certain employees who have met minimum age and service requirements. However, these plans are closed to new participants. The plans require contributions from retirees, which are adjusted annually. They also include cost-sharing features like deductibles and coinsurance.
For a prospective franchisee, this means that while Del Taco employees may have access to post-retirement healthcare, new employees are not eligible to join these existing plans. This could be a factor in attracting and retaining employees, as it limits the benefits package available to them.
Franchisees should inquire with Del Taco about current employee benefit offerings and any potential future changes to healthcare plans. Understanding the full compensation and benefits package is crucial for managing labor costs and maintaining a competitive employment environment.