Employee Benefit Plan
|12 Months Ended|
Dec. 31, 2022
|Retirement Benefits [Abstract]|
|Employee Benefit Plan||
Note 16 – Employee Benefit Plan
The Company maintains the Xponential Fitness, Inc. 401(k) Profit Sharing Plan and Trust (the “401(k) Plan”). Employees who have completed one month of service and have attained age 18 are eligible to participate in elective deferrals under the 401(k) Plan. Employees are eligible to participate for purposes of matching contributions upon completion of one year of service. On an annual basis, the Company will determine the formula for the discretionary matching contribution. In addition, the Company may make a discretionary nonelective contribution to the 401(k) Plan. During the years ended December 31, 2022, 2021 and 2020, the Company recorded expense for matching contributions to the 401(k) Plan of $481, $483 and $338, respectively.
The entire disclosure for defined contribution plan.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef