What qualified savings plans did Del Taco maintain at the beginning of 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, at the beginning of fiscal year 2024, Del Taco maintained two qualified savings plans pursuant to Section 401(k) of the Internal Revenue Code ("IRC"). These plans were the Jack in the Box Inc. Easy$aver Plus Plan and the Del Taco Savings Plan.
It is important to note that effective January 1, 2024, the Del Taco Savings Plan was merged into the Easy$aver Plus Plan. Therefore, as of that date, Del Taco maintained only one qualified savings plan. The plan allows all employees who meet certain age and minimum service requirements to defer a percentage of their pay on a pre-tax basis.
Del Taco's contributions to these plans were $3.3 million in fiscal year 2024, $2.3 million in fiscal year 2023, and $2.1 million in fiscal year 2022. This information is relevant to prospective franchisees as it provides insight into the employee benefits offered by Del Taco, which can impact employee satisfaction and retention.