Regarding Even Hotels, what was the amount recognized in accumulated other comprehensive income as unrecognized actuarial loss (gain) for the year ended December 31, 2024?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
| Oracle America, Inc. | Salesperson: DO NOT FILL IN REQUIRED | ALTERNATE Bill To Address: (i.e. PO Box) | ||
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| Sole Proprietorship Non-Profit Partnership Corporation Subsidiary Division LLC Management Company | ||||
| EVEN Hotels - 2025 FDD (382) Bill-To Taxpayer ID Number (TIN/EIN) DON'T FILL IN REQUIRED (this will be used as the Bill To address unless an alternate address is provided) | ||||
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| Accounts Payable Contact Name Accounts Payable Contact Phone # | Accounts Payable Contact email address: | |||
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| Legal Entity Address OPTIONAL – If not needed, leave blank | ||||
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| Site Information - Required | ||||
| Site Name / Trade Name S | ite Identifier (store #, inn code) | |||
| SITE Address (Ship To Address - where support would be dispatched) | ||||
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| Site Contact Name (please select Mr., Ms., Mrs., Dr., ect…) | ||||
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| Name Title Date | Notes to Consolidated Financial Statements (continued) |
9. Employee Benefit Plans (continued)
The net actuarial
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels's 2025 Franchise Disclosure Document, the net actuarial loss (gain) recognized in other comprehensive income for the year ended December 31, 2024, was $(1.8) million for the pension plans and $(0.4) million for the postretirement programs. This means that for pension plans, there was a gain of $1.8 million, and for postretirement programs, there was a gain of $0.4 million. These gains are related to changes in the actuarial assumptions used to estimate future benefit obligations and plan assets.
For a prospective Even Hotels franchisee, understanding these figures might not have a direct impact on their day-to-day operations. However, it provides insight into the financial management and employee benefit strategies of the parent company. It demonstrates how Even Hotels accounts for its employee benefit plans and manages actuarial gains and losses.
The document also indicates that the company estimates $0 and $0.6 million of the actuarial gain will be amortized for the pension plans and postretirement benefit programs, respectively, in 2025, all on a pretax basis. Furthermore, Even Hotels estimates that it will contribute $3.2 million to the pension plans and $1.1 million to the postretirement benefit programs in 2025. These figures provide a more complete picture of the company's financial planning related to its employee benefit obligations.