Plan Snapshot
- Plan Sponsor: The Franklin Institute
- Sponsor EIN: 231370501
- Sponsor Address: 222 NORTH 20TH STREET, PHILADELPHIA, PA, 19103
- Plan Type: DB
- Total Participants: 17
- Total Assets: $8.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- 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. |
|---|---|---|---|---|
| 2024 | 17 | $8.0M | $0 | $0 |
| 2023 | 22 | $8.3M | $0 | $0 |
| 2022 | 24 | $7.9M | $0 | $0 |
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 |
|---|---|---|---|---|
| BANK OF AMERICA | Other Service Provider | $18,887 | — | $18,887 |
| THE VANGUARD GROUP, INC. | Recordkeeper | $8,195 | — | $8,195 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $27,082
- Estimated Expense Ratio: 0.337% 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 | $27,083 | $18,962 | — | — | — |
| 2023 | $17,638 | $12,638 | — | — | — |
| 2022 | $18,954 | — | — | — | $18,954 |