# Franklin Savings Bank DB Plan
Source: https://planprovider.pro/companies/franklin-savings-bank-plan-001

> Franklin Savings Bank's DB plan: 119 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:** 197 MAIN STREET, FARMINGTON, ME, 04938

- **Plan Type:** DB

- **Total Participants:** 119

- **Total Assets:** $65.0M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

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

| 2024|119|$65.0M|$0|$0|

| 2023|113|$61.4M|$166,812|$0|

| 2022|99|$54.6M|$0|$0|

## 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 LLC|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|$242,654|—|—|—|—|

| 2023|$223,015|—|—|—|—|

| 2022|$234,306|$206,293|$28,013|—|—|

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