Plan Snapshot
- Plan Sponsor: 1st Franklin Financial Corporation
- Sponsor EIN: 580521233
- Sponsor Address: 49 EAST DOYLE ST., TOCCOA, GA, 30577
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 2,004
- Total Assets: $131.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 2,004 | $131.0M | $0 | $0 |
| 2024 | 1,651 | $111.7M | $3.0M | $6.6M |
| 2023 | 1,666 | $102.5M | $1.9M | $6.4M |
| 2022 | 1,537 | $88.2M | $3.0M | $6.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INC | Other Service Provider | $161,130 | — | $161,130 |
| AON HEWITT INVESTMENT CONSULTING | Other Service Provider | $73,505 | — | $73,505 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $234,635
- Estimated Expense Ratio: 0.179% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $8,396,791 | $92,612 | — | — | — |
| 2024 | $260,239 | $102,476 | $5,784 | — | — |
| 2023 | $244,682 | $101,367 | — | — | — |
| 2022 | $193,514 | $45,250 | — | — | — |