What were Hardees' matching contributions to the 401(k) Plan for fiscal year 2024?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
argets for fiscal years 2024 through 2030 as set forth in the grant agreements.
The following presents the time vesting and performance vesting Unit activity for fiscal 2025:
| Time Vesting Units | Performance Vesting Units | Total Units | Weighted- Average Grant Date Fair Value | |
|---|---|---|---|---|
| Unvest |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees' 2025 Franchise Disclosure Document, the company sponsors a contributory 401(k) plan to provide retirement benefits to its employees. During fiscal year 2024, Hardees' matching contributions to this 401(k) plan totaled $630. This indicates the level of employer-sponsored retirement benefits Hardees provides to its employees.
It's important to note that Hardees and CKE Restaurants both sponsor a contributory plan. During fiscal year 2024, matching contributions to this plan were $113. This discrepancy could be due to different plans for different employees or corporate entities within the Hardees/CKE Restaurants system.
A prospective franchisee should inquire with Hardees about the specifics of the 401(k) plan, including eligibility requirements, the matching contribution formula, and any vesting schedules. Understanding these details is crucial for assessing the overall compensation and benefits package offered to employees, which can impact employee retention and satisfaction.