Under the Epcon Communities profit sharing plan, who specifies the discretionary matching contributions?
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 the 2025 FDD, Epcon Communities' employees may participate in the company's salary deferral plan. The plan allows participants to contribute certain amounts on a pre-tax basis. Epcon specifies the discretionary matching contributions by Epcon (and by the Company for its employees) as specified in the Plan agreement.
In 2024, Epcon Communities made safe harbor contributions of $61,703, while in 2023, these contributions totaled $70,210. These contributions are part of the overall employee benefits package offered by Epcon Communities.
For a prospective franchisee, understanding the specifics of the profit-sharing plan and the contributions made by Epcon Communities can be useful in assessing the financial health and employee relations practices of the company. It's important to review the Plan agreement to fully understand the terms and conditions of the profit-sharing plan.