Plan Snapshot
- Plan Sponsor: Franchise Management, LLC
- Sponsor EIN: 832655438
- Sponsor Address: P.O. BOX 66, FLORENCE, KY, 41022
- Plan Type: 401(k)
- Total Participants: 1,043
- Total Assets: $4.8M
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. |
|---|---|---|---|---|
| 2024 | 1,043 | $4.8M | $472,436 | $566,364 |
| 2023 | 528 | $2.8M | $455,200 | $375,474 |
| 2022 | 493 | $1.9M | $299,517 | $357,991 |
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 |
|---|---|---|---|---|
| LATITUDE SERVICE COMPANY, INC. | NONE | $40,633 | — | $40,633 |
| NORTH AMERICAN KTRADE ALLIANCE, LLC | NONE | $25,379 | — | $25,379 |
| CETERA ADVISORS, LLC | NONE | $17,166 | — | $17,166 |
| DGPERRY, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NORTH AMERICAN KTRADE ALLIANCE, LLC — NONE
- DGPERRY, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $83,178
- Estimated Expense Ratio: 1.750% 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 |
|---|---|---|---|---|---|
| 2024 | $83,211 | — | $83,211 | — | — |
| 2023 | $56,059 | — | $56,059 | — | — |
| 2022 | $42,565 | — | $42,565 | — | — |