What is the minimum age requirement for Moes Southwest Grill employees to 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 must be at least 21 years old to participate in the company's 401(k) plan. Additionally, employees can participate in the 401(k) Plan the first of the month following their date of hire.
Moe's Southwest Grill's contributions to the 401(k) plan are based on a percentage of the employee's contributions and are immediately vested, meaning the employee has full ownership of the employer's contributions from the start. For the fiscal year ending December 29, 2024, employer contributions to the 401(k) plan totaled $3,126,000. In the prior fiscal year, which ended December 31, 2023, employer contributions were $3,205,000.
For a prospective franchisee, this information is relevant in understanding the employee benefits package offered at Moe's Southwest Grill restaurants. A 401(k) plan can be a valuable tool for attracting and retaining employees. The immediate vesting of employer contributions is a particularly attractive feature that could help a franchisee compete for talent in the labor market. Franchisees should inquire about the specific percentage match offered by Moe's Southwest Grill to accurately represent the benefit to potential employees.