# Franklin State Bank & Trust Co. 401(k) Plan
Source: https://planprovider.pro/companies/franklin-state-bank-trust-co-401k-plan

> Franklin State Bank & Trust Co.'s 401(k) plan: 53 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Franklin State Bank & Trust Co.

- **Sponsor EIN:** 720188710

- **Sponsor Address:** P.O. BOX 940, WINNSBORO, LA, 712950940

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

- **Total Participants:** 53

- **Total Assets:** $8.9M

## 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|53|$8.9M|$191,554|$175,241|

| 2023|56|$9.3M|$201,659|$159,334|

| 2022|39|$8.3M|$144,365|$136,781|

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