When did the Del Taco Savings Plan merge into the Easy$aver Plus Plan?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
l year 2021 and forward. The statutes of limitations for California, which constitutes the Company's major state tax jurisdiction, have not expired for fiscal years 2018 and forward.
12. RETIREMENT PLANS
We sponsor programs that provide retirement benefits to our employees. These programs include defined contribution plans, defined benefit pension plans, and postretirement healthcare plans.
Defined contribution plans — At the beginning of fiscal year 2024, we maintained two qualified savings plans pursuant to Section 401(k) of the Internal Revenue Code ("IRC"); the Jack in the Box Inc. Easy$aver Plus Plan and the Del Taco Savings Plan. Effective January 1, 2024, the Del Taco Savings Plan was merged into the Easy$aver Plus Plan so that now we maintain one qualified savings plan. The plan allows all employees who meet certain age and minimum servic
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, the Del Taco Savings Plan merged into the Easy$aver Plus Plan on January 1, 2024. Prior to this merger, Del Taco maintained two qualified savings plans: the Jack in the Box Inc. Easy$aver Plus Plan and the Del Taco Savings Plan.
This change means that Del Taco employees now participate in a single retirement savings plan. The Easy$aver Plus Plan allows eligible employees who meet certain age and minimum service requirements to defer a percentage of their pay on a pre-tax basis.
In fiscal year 2024, Del Taco's contributions to these plans totaled $3.3 million, compared to $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 Del Taco's employee benefits programs and associated costs, which can impact the overall financial health and stability of the franchise system.