Plan Snapshot
- Plan Sponsor: Franklin & Prokopik, P.C.
- Sponsor EIN: 522169676
- Sponsor Address: 2 N CHARLES ST STE 600, BALTIMORE, MD, 21201
- Plan Type: 401(k)
- Total Participants: 191
- Total Assets: $26.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 191 | $26.4M | $941,039 | $1.1M |
| 2023 | 189 | $21.8M | $848,693 | $968,170 |
| 2022 | 178 | $21.0M | $911,776 | $854,042 |
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 |
|---|---|---|---|---|
| MCLEAN, KOEHLER, SPARKS AND HAMMOND | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MCLEAN, KOEHLER, SPARKS AND HAMMOND — Auditor
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 | $7,946 | $7,883 | — | — | — |
| 2023 | $6,895 | $6,582 | — | — | — |
| 2022 | $7,990 | — | $7,990 | — | — |