2023 Form 5500 filing — Franklin Savings Bank 401k Plan

Plain-English filing summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240820051738NAL0005087378001) for Franklin Savings Bank 401k Plan, reported by Franklin Savings Bank under EIN 01-0072660 and plan number 002. It reports 156 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Form 5500 2 · 2023

Filing snapshot

Net assets (EOY)$9.8MReported net assets$9,821,812
Participants156
Provider compensation$1.2K3 Schedule C row(s)$1,200
Schedules filedSchedule H, Schedule CLoaded schedules
EFAST2 acknowledgement
20240820051738NAL0005087378001
Plan sponsor
Franklin Savings Bank
EIN
01-0072660
Plan number
002
Location
Farmington, ME
Received date
not reported in the loaded dataset
Schedule H · 2023

Reported financial snapshot

Reported figures as filed, in whole dollars. Only fields the filing reports are shown.

Reported balance (end of year)$9.8M total assets
Net assets$9.8MLiabilities$0
Money in vs. money out
Total income / additions$2.3M
Total expenses$518.4K
Benefits paid / distributions$516.4K
Contributions
Employer$79.5K
Participant$538.7K
Full reported line items
Total assets (EOY)
$9,821,812
Total liabilities (EOY)
$0
Net assets (EOY)
$9,821,812
Employer contributions
$79,486
Participant contributions
$538,688
Total income / additions
$2,339,613
Benefits paid
$516,366
Administrative expenses
$1,200
Total expenses
$518,449
Net increase / (decrease)
$1,821,164

Reported service provider compensation (Schedule C)

Compensation reported on the 2023 filing
ProviderServiceDirect comp.Indirect comp.
Adp, Inc.RECORD KEEPER$1,200$0
Adp Broker-DealerRECORD KEEPER$0$0
Lpl FinancialADVISOR$0$0

Related Form 5500 pages