# Franklin Savings Bank 401(k) Plan
Source: https://planprovider.pro/companies/franklin-savings-bank-401k-plan-002-2660

> Franklin Savings Bank's 401(k) plan: 130 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Franklin Savings Bank

- **Sponsor EIN:** 010072660

- **Sponsor Address:** 198 FRONT STREET, FARMINGTON, ME, 04938

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

- **Total Participants:** 130

- **Total Assets:** $11.6M

## 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:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|130|$11.6M|$92,189|$637,576|

| 2023|129|$9.8M|$79,486|$538,688|

| 2022|133|$8.0M|$72,554|$495,042|

## 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|

| BAKER NEWMAN & NOYES|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BAKER NEWMAN & NOYES](https://planprovider.pro/provider/baker-newman-and-noyes) — 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|$2,510|—|—|—|—|

| 2023|$1,200|—|—|—|—|

| 2022|$1,867|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/franklin-savings-bank-401k-plan-002-2660)

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