# Franklin Products, INC. 401(k) Plan
Source: https://planprovider.pro/companies/franklin-products-inc-401k-plan-001-6512

> Franklin Products, INC.'s 401(k) plan: 123 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Franklin Products, INC.

- **Sponsor EIN:** 061236512

- **Sponsor Address:** 153 WATER STREET, TORRINGTON, CT, 06790

- **Plan Type:** 401(k)

- **Total Participants:** 123

- **Total Assets:** $26.8M

## 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|123|$26.8M|$461,645|$617,681|

| 2023|99|$23.2M|$421,331|$543,956|

| 2022|103|$18.9M|$413,973|$533,966|

## 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|

| COHNREZNICK LLP|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|$66,032|$47,973|—|—|—|

| 2023|$54,787|$40,464|—|—|—|

| 2022|$59,798|$59,248|—|—|$550|

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