Did Epcon Communities make safe harbor contributions to the plan 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 did make safe harbor contributions to its profit sharing plan in 2024. The document states that Epcon Communities made safe harbor contributions of $61,703 in 2024.
The profit sharing plan, referred to as "the Plan", is available to employees of Epcon Communities. The plan allows participants to contribute certain amounts on a pre-tax basis. Epcon Communities, at its discretion, may also make matching contributions as specified in the Plan agreement.
Prospective franchisees should note that this information pertains to Epcon Communities' corporate employees and not to employees of individual franchisees. Franchisees are responsible for establishing their own employee benefit plans and should consult with financial and legal advisors to determine the best options for their specific circumstances. The safe harbor contributions made by Epcon Communities to its own plan do not create any obligation for franchisees to offer similar benefits.