Plan Snapshot
- Plan Sponsor: The Franklin Investment Corporation Dba Franklin Industries
- Sponsor EIN: 412051057
- Sponsor Address: 645 ATLANTIC AVENUE, P.O. BOX 671, FRANKLIN, PA, 16323
- Plan Type: 401(k)
- Total Participants: 111
- Total Assets: $3.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 111 | $3.6M | $132,073 | $300,504 |
| 2023 | 118 | $3.3M | $163,866 | $355,657 |
| 2022 | 104 | $3.1M | $141,798 | $312,566 |
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 |
|---|---|---|---|---|
| MCGILL POWER BELL AND ASSOCIATES | 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 | $35,238 | — | $21,692 | — | — |
| 2023 | $44,137 | — | $35,786 | — | — |
| 2022 | $40,700 | $34,713 | $5,987 | — | — |