Plan Snapshot
- Plan Sponsor: Franke Usa Holding INC.
- Sponsor EIN: 510367592
- Sponsor Address: 800 AVIATION PARKWAY, SMYRNA, TN, 37167
- Plan Type: 401(k)
- Total Participants: 777
- Total Assets: $82.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 777 | $82.1M | $2.3M | $4.8M |
| 2023 | 796 | $71.7M | $2.3M | $4.5M |
| 2022 | 802 | $65.3M | $2.2M | $4.2M |
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 |
|---|---|---|---|---|
| FORVIS, LLP | Auditor | $4,100 | — | $4,100 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,100
- Estimated Expense Ratio: 0.005% 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 | $97,014 | $71,910 | — | $4,100 | — |
| 2023 | $91,604 | $62,305 | — | $3,879 | — |
| 2022 | $102,517 | — | — | — | — |