Does Hardees sponsor a contributory 401(k) Plan for employee retirement benefits?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
30 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, Hardees sponsors a contributory 401(k) plan to provide retirement benefits. This plan is established under Section 401(k) of the Internal Revenue Code (IRC). The plan allows participants to contribute a portion of their annual salaries on a pre-tax basis, subject to the maximum contribution limits set by the IRC.
During the fiscal years 2025 and 2024, Hardees made matching contributions to the 401(k) plan. In fiscal year 2025, the matching contributions amounted to $702, while in fiscal year 2024, they were $630. This indicates that Hardees provides some level of employer match to employee contributions, which can be a significant benefit for employees saving for retirement.
It's important for prospective franchisees to understand that while Hardees sponsors this 401(k) plan, participation is subject to the terms and conditions of the plan itself. Franchisees should inquire about eligibility requirements, vesting schedules, and specific details regarding the employer matching contributions to fully understand the retirement benefits available to them and their employees.