For what years did Dog Haus not contribute to the 401(k) plan?
Dog_Haus Franchise · 2025 FDDAnswer from 2025 FDD Document
15, 2021, the Company entered into another amendment to increase the principal amount to a total of $1,291,800. The loan accrues interest at 3.75% per annum as of the date of the advances of the loan. No payments are due for the first 24 months. Payments start in June 2023 in the amount of $6,459 per month for 30 years with payments applied to interest first and then principal. Accrued interest as of December 31, 2024 and 2023 was $34,529 and $63,462, respectively, and are included in accounts payable and accrued expenses of the accompanying balance she
Source: Item 23 — RECEIPTS (FDD pages 87–328)
What This Means (2025 FDD)
According to Dog Haus's 2025 Franchise Disclosure Document, the company maintains a 401(k) plan for its qualified employees, who can contribute up to the statutory limits. Dog Haus matches these contributions dollar-for-dollar, up to 4% of the employee's compensation.
For the year ending December 31, 2024, Dog Haus contributed $35,971 to the 401(k) plan, which was included in payroll expenses. However, for the years ending December 31, 2023, and December 31, 2022, Dog Haus did not make any contributions to the 401(k) plan.
This information is relevant to potential franchisees as it provides insight into the employee benefits offered by Dog Haus. Understanding the compensation and benefits structure can help franchisees attract and retain qualified employees, which is crucial for the successful operation of their franchise. The absence of contributions in 2022 and 2023 might indicate a change in company policy or financial circumstances, which prospective franchisees may want to investigate further.