What was the amount of the safe harbor contributions made by Epcon Communities in 2024?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
tware with a net book value of $108,425 was transferred to a related party under common control, with equal consideration to be exchanged in 2025. The company has recorded the receivable from the related party within due from related parties on the Consolidated Balance Sheet.
Profit Sharing Plan
The Company's employees may participate in the salary deferral plan of Epcon (the Plan). The Plan, covering substantially all full-time employees, allows p
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 2024, Epcon Communities contributed $61,703 to the plan.
The profit sharing plan, referred to as "the 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.
Safe harbor contributions are employer contributions to a retirement plan that help the plan satisfy certain non-discrimination requirements. By making these contributions, Epcon Communities ensures that its profit sharing plan remains compliant with IRS regulations and that all employees, including highly compensated ones, can fully participate.