Plan Snapshot
- Plan Sponsor: Franklin Corporation
- Sponsor EIN: 640478766
- Sponsor Address: P.O. BOX 569, HOUSTON, MS, 38851
- Plan Type: 401(k)
- Total Participants: 690
- Total Assets: $12.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 690 | $12.6M | $90,069 | $461,134 |
| 2023 | 658 | $11.8M | $52,989 | $506,486 |
| 2022 | 694 | $10.1M | $57,452 | $543,533 |
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 |
|---|---|---|---|---|
| NAIL MCKINNEY, PA | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $2,133 | — | — | — | — |
| 2023 | $5,468 | — | — | — | — |
| 2022 | $3,540 | — | — | — | — |