# The Franklin Academy INC. 403(b) Plan
Source: https://planprovider.pro/companies/the-franklin-academy-inc-223843855-001

> The Franklin Academy INC.'s 403(b) plan: 79 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** The Franklin Academy INC.

- **Sponsor EIN:** 223843855

- **Sponsor Address:** 140 RIVER RD., EAST HADDAM, CT, 064231403

- **Plan Type:** 403(b)

- **Plan Number:** 001

- **Total Participants:** 79

- **Total Assets:** $3.5M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** Yes

- **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.|

| 2025|79|$3.5M|$111,376|$126,486|

| 2024|99|$3.1M|$111,982|$95,913|

| 2023|103|$3.0M|$103,399|$92,647|

| 2022|104|$2.8M|$92,894|$95,166|

## 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|

| TIAA - TEACHERS INSURANCE AND ANNUI|Recordkeeper|$5,045|—|$5,045|

### Verified Provider Profiles

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

- [TIAA - TEACHERS INSURANCE AND ANNUI](https://planprovider.pro/provider/tiaa-teachers-insurance-and-annuity-association-of-america-college-retirement-equities-fund) — Recordkeeper

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $5,045

- **Estimated Expense Ratio:** 0.145% 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|

| 2025|$303,857|—|—|—|—|

| 2024|$5,045|$5,045|—|—|—|

| 2023|$4,657|$4,657|—|—|—|

| 2022|$3,195|—|$3,195|—|—|

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