# Franklin Group Companies, LLC 401(k) Plan
Source: https://planprovider.pro/companies/the-franklin-johnston-group-management-development-llc-401k-plan

> Franklin Group Companies, LLC's 401(k) plan: 867 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Franklin Group Companies, LLC

- **Sponsor EIN:** 462209448

- **Sponsor Address:** 300 32ND ST #310, VIRGINIA BEACH, VA, 23451

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

- **Total Participants:** 867

- **Total Assets:** $9.7M

## 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|867|$9.7M|$674,260|$1.7M|

| 2023|703|$7.5M|$552,992|$1.3M|

| 2022|500|$5.3M|$407,250|$1.1M|

## 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|

| EMPOWER ANNUITY INSURANCE COMPANY O|RECORDKEEPER|$83,515|—|$83,515|

| WALL EINHORN & CHERNITZER PC|AUDITOR|$18,550|—|$18,550|

| WALL, EINHORN & CHERNITZER|Auditor|$18,550|—|$18,550|

| MERRILL LYNCH PIERCE FENNER & SMITH|INVESTMENT ADVISOR|$9,328|—|$9,328|

| EMPOWER ADVISORY GROUP, LLC|INVESTMENT MGMT|$5,514|—|$5,514|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $135,457

- **Estimated Expense Ratio:** 1.393% 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|$116,907|$14,842|—|$18,550|—|

| 2023|$74,482|$12,166|—|$6,000|—|

| 2022|$66,081|—|$66,081|—|—|

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