v3.25.4
Employee Benefit Plans
12 Months Ended
Dec. 28, 2025
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
Defined Contribution Plans
The Company has a 401(k) savings plan for Krispy Kremers in the U.S. (the “401(k) Plan”) to which eligible employees may contribute up to 100% of their salary and bonus on a tax deferred basis, subject to statutory limitations. The Company currently matches 100% of the first 3% and 50% of the next 2% of compensation contributed by each employee to the 401(k) Plan. The Company match is immediately 100% vested.
The Company operates defined contribution plans in the U.K. and Ireland (“KK U.K. and Ireland Contribution Plans”), to which eligible employees may contribute up to 100% of their salary, subject to statutory limitations. The Company currently matches contributions at a rate of 3% of pensionable earnings. The KK U.K. and Ireland Contribution Plans are pension plans under which the Company pays fixed contributions into a separate entity. The Company has no legal or constructive obligations to pay further contributions if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. The Company has no further payment obligations once the contributions have been paid. The contributions are recognized as employee benefit expense when they are due. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in the future payments is available.
KK Australia operates a defined contribution retirement benefit plan for its employees in Australia (the “Australia Plan”) and in New Zealand (the “New Zealand Plan”). The Company contributes 12% of employee compensation to the Australia Plan and matches employee contributions of up to 3% of compensation to the New Zealand Plan.
KK Canada operates a Registered Retirement Savings Plan (“RRSP”) for its employees in Canada (the “Canada Plan”) which allows eligible employees to contribute. For certain salaried employees, the Company will match eligible employee contributions up to 2.5% of their annual base salary.
In Mexico, there is a government‑mandated defined contribution plan known as Administradoras de Fondos para el Retiro (AFORE), which are financial institutions responsible for receiving, administering, and investing mandatory retirement contributions on behalf of employees, with the objective of providing income during retirement. Employers are required to comply with this statutory retirement plan. Under this defined contribution retirement plan, the employer is obligated to make contributions based on the employee’s salary, at a rate that ranges from 2% up to 13%, depending on the applicable statutory provisions. Employees are also required to contribute based on their salary, with contribution rates ranging from 0% to 2% of their monthly salary.
Total contribution plan expense for defined contribution plans was $10.7 million, $9.6 million, and $8.5 million for the fiscal years ended December 28, 2025, December 29, 2024, and December 31, 2023, respectively.