Plan Snapshot
- Plan Sponsor: The Franklin Institute
- Sponsor EIN: 231370501
- Sponsor Address: 222 NORTH 20TH STREET, PHILADELPHIA, PA, 191031194
- Plan Type: 401(k)
- Total Participants: 156
- Total Assets: $20.7M
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 | 156 | $20.7M | $559,467 | $627,633 |
| 2023 | 138 | $18.0M | $521,441 | $588,135 |
| 2022 | 127 | $15.1M | $398,375 | $525,177 |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | NONE | $8,647 | — | $8,647 |
| TAIT, WELLER, & BAKER LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — NONE
- TAIT, WELLER, & BAKER LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,647
- Estimated Expense Ratio: 0.042% 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 | $8,647 | — | $8,647 | — | — |
| 2023 | $19,568 | — | $19,568 | — | — |
| 2022 | $4,542 | — | $4,542 | — | — |