What was the reported fair value of the Qualified Plan assets for Del Taco in 2023?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
no plan assets as of September 29, 2024 and October 1, 2023. The following sets forth the PBO, ABO, and fair value of plan assets of our pension plans as of the measurement date in each fiscal year (in thousands):
| 2024 | 2023 | |
|---|---|---|
| Qualified Plan: | ||
| Projected benefit obligation | $ 297,920 | $ 266,345 |
| Accumulated benefit obligation | $ 297,920 | $ 266,345 |
| Fa |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, the fair value of the company's Qualified Plan assets in 2023 was $275,143,000. This figure represents the value of the assets held within the company's qualified retirement plan, which is designed to provide retirement benefits to its employees.
For a prospective franchisee, this information provides insight into the financial health and employee benefit obligations of Del Taco. A substantial qualified plan asset value suggests that Del Taco has been actively funding its retirement plans, which can be a positive indicator of the company's financial stability and commitment to its employees.
It's important to note that this value can fluctuate based on market conditions and investment performance. While the FDD provides this historical data, potential franchisees should consider this information in the context of broader economic trends and consult with financial advisors to understand the implications for the long-term financial outlook of Del Taco.