Does Goldfish Swim School sponsor a 401(k) plan for its 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 Franchise Disclosure Document for Goldfish Swim School does not explicitly state whether Goldfish Swim School sponsors a 401(k) plan for its employees. However, the FDD does state that franchisees must comply with the Employee Retirement Income Security Act (ERISA).
This implies that franchisees are responsible for understanding and adhering to all federal regulations regarding employee retirement plans, should they choose to offer them. It is important to note that while Goldfish Swim School requires compliance with ERISA, this does not confirm or deny the existence of a 401(k) plan sponsored by the franchisor for its own employees or whether franchisees are required or advised to offer such plans.
Prospective franchisees should directly inquire with Goldfish Swim School about any corporate-sponsored retirement plans and whether there are any recommended or preferred options for franchisees to offer their employees. Understanding the support and guidance provided by Goldfish Swim School in this area is crucial for managing employee benefits and ensuring compliance with all applicable laws.