Plan Snapshot
- Plan Sponsor: Frankly Media, LLC
- Sponsor EIN: 870609958
- Sponsor Address: 27 01 QUEENS PLAZA NORTH, STE 502, LONG ISLAND CITY, NY, 11101
- Plan Type: 401(k)
- Total Participants: 76
- Total Assets: $5.0M
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 | 76 | $5.0M | $0 | $366,507 |
| 2023 | 64 | $5.4M | $0 | $365,011 |
| 2022 | 63 | $4.4M | $0 | $463,193 |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $16,656 | — | $16,656 |
| RAYMOND JAMES & ASSOCIATES INC | ADVISOR | $13,870 | — | $13,870 |
| MURPHY, MILLER & BAGLIERI, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- RAYMOND JAMES & ASSOCIATES INC — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,526
- Estimated Expense Ratio: 0.609% of plan assets
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 | $30,526 | $13,870 | — | — | — |
| 2023 | $19,153 | $11,665 | — | — | — |
| 2022 | $20,986 | — | — | — | — |