Plan Snapshot
- Plan Sponsor: Franklin Foods, INC.
- Sponsor EIN: 461052805
- Sponsor Address: 2500 N. MILITARY TRAIL, SUITE 320, BOCA RATON, FL, 33431
- Plan Type: 401(k)
- Total Participants: 255
- Total Assets: $8.5M
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 | 255 | $8.5M | $432,705 | $617,118 |
| 2023 | 231 | $6.9M | $382,047 | $535,535 |
| 2022 | 223 | $5.4M | $285,871 | $506,971 |
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 |
|---|---|---|---|---|
| SENTINEL BENEFITS GROUP, LLC | Recordkeeper | $7,041 | — | $7,041 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SENTINEL BENEFITS GROUP, LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,041
- Estimated Expense Ratio: 0.083% 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 | $7,041 | — | — | — | — |
| 2023 | $3,651 | — | — | — | — |
| 2022 | $3,834 | — | — | — | $3,834 |