Plan Snapshot
- Plan Sponsor: Franklin Covey Co.
- Sponsor EIN: 870401551
- Sponsor Address: 13907 S. MINUTEMAN DRIVE, SUTIE 500, DRAPER, UT, 84020
- Plan Type: 401(k)
- Total Participants: 918
- Total Assets: $139.5M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 918 | $139.5M | $2.7M | $8.3M |
| 2023 | 904 | $125.1M | $2.6M | $8.0M |
| 2022 | 828 | $108.1M | $2.4M | $7.3M |
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 |
|---|---|---|---|---|
| RASMUSON & COMPANY, PC | Auditor | $16,000 | — | $16,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,000
- Estimated Expense Ratio: 0.011% 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 | $152,179 | $30,000 | $102,834 | $16,000 | — |
| 2023 | $144,390 | $30,000 | — | $14,000 | — |
| 2022 | $125,020 | $22,500 | $88,305 | — | $14,215 |