What was the amount of the safe harbor contributions made by Epcon Communities in 2023?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
ement | Illinois law applies. See State Addenda to Franchise Agreement. | Depreciation expense is recorded using the straight-line method for the years ended December 31, 2023 and 2022 totaling $69,822 and $63,076, respectively.
Notes to Consolidated Financial Statements December 31, 2023 and 2022
Profit Sharing Plan
The Company's employees may participate in the salary deferral plan of Epcon (the Plan). The Plan, cove
Source: Item 23 — RECEIPTS (FDD pages 86–280)
What This Means (2025 FDD)
According to Epcon Communities' 2025 Franchise Disclosure Document, the company made safe harbor contributions to its employee profit sharing plan. In 2023, Epcon Communities contributed $70,210 to the plan.
The profit sharing plan allows employees to contribute certain amounts on a pre-tax basis. Epcon Communities also provides discretionary matching contributions as specified in the plan agreement.
Prospective franchisees should note that this information pertains to Epcon Communities' financial obligations to its employees, and does not directly impact the franchisee's investment or financial performance. However, it provides insight into the company's employee benefits and financial management practices.