Does Goldfish Swim School provide a matching contribution as part of its 401(k) plan for employees?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
- (10) You must comply with all requirements of all applicable federal, state and local laws, rules, regulations, and ordinances, including without limitation, any and all applicable health and sanitary standards prescribed by any governmental authority, all building, zoning, or other property limitations, Americans with Disabilities Act, Fair Labor Standards Act, Family and Medical Leave Act, Affordable Care Act, Occupational Safety and Health Act, Title VII of the Civil Rights Act, Age Discrimination in Employment Act, and Employee Retirement Income Security Act.
Source: Item 22 — CONTRACTS (FDD pages 76–77)
What This Means (2025 FDD)
The 2025 Goldfish Swim School Franchise Disclosure Document does not explicitly state whether Goldfish Swim School offers a matching contribution as part of its 401(k) plan for employees. However, the FDD does state that franchisees must comply with the Employee Retirement Income Security Act (ERISA).
ERISA governs the standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans. This means that if a Goldfish Swim School franchisee chooses to offer a 401(k) plan to its employees, they must adhere to all applicable ERISA regulations.
Prospective franchisees should inquire directly with Goldfish Swim School's management about the specifics of any 401(k) plans or other employee benefits offered, as these details are not provided in this excerpt. Understanding the full compensation package is essential for managing employee costs and ensuring compliance with legal requirements.