# The Franklin Academy, INC. 401(k) Plan
Source: https://planprovider.pro/companies/the-franklin-academy-inc-401k-plan

> The Franklin Academy, INC.'s 401(k) plan: 166 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:** 562085431

- **Sponsor Address:** 1127 CHALK ROAD, WAKE FOREST, NC, 27587

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

- **Total Participants:** 166

- **Total Assets:** $13.5M

## 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|166|$13.5M|$255,263|$741,861|

| 2023|166|$11.7M|$235,186|$675,262|

| 2022|158|$9.9M|$215,132|$600,261|

## 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|

| R. SCOTT GRADY, CPA, PLLC|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|$1,308|—|—|—|—|

| 2023|$1,568|—|—|—|—|

| 2022|$1,450|—|—|—|$1,450|

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