When can employees of Moes Southwest Grill participate in the 401(k) Plan?
Moes_Southwest_Grill Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 29, | December 31, | |
|---|---|---|
| For the fiscal years ended: | 2024 | 2023 |
| Expected life (years) | 5 | 5 |
| Interest rate | 4.13% | 3.95% |
| Volatility | 40.92% | 40.90% |
| Dividend yield | 0.00% | 0.00% |
The expected term of the options is based on evaluations of historical and expected future employee exercise behavior. The risk-free interest rate is based on the U.S. Treasury rates at the date of grant with maturity dates approximately equal to the expected life at the grant date. Volatility is based on the historical volatility of several public entities similar to the Parent as the Parent does not have suf
Source: Item 23 — Receipts (FDD pages 92–334)
What This Means (2025 FDD)
According to Moe's Southwest Grill's 2025 Franchise Disclosure Document, employees are eligible to participate in the company's 401(k) plan under specific conditions. Employees can join the 401(k) Plan on the first day of the month following their hire date, provided they are at least 21 years old.
The 401(k) plan is available to all eligible employees. Moe's Southwest Grill's contributions to the 401(k) plan are calculated as a percentage of the employee's contributions, and these employer contributions are immediately vested, meaning the employee has full ownership of them right away.
For the fiscal years ending December 29, 2024, and December 31, 2023, Moe's Southwest Grill's employer contributions to the 401(k) Plan totaled $3,126 and $3,205, respectively. This information is relevant for prospective franchisees as it provides insight into the employee benefits offered, which can help in attracting and retaining staff.