2023 Form 5500 filing — The Franklin Academy 401(K) Retirement 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 20241009073249NAL0017985073001) for The Franklin Academy 401(K) Retirement Plan, reported by The Franklin Academy, Inc. under EIN 56-2085431 and plan number 001. It reports 221 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009073249NAL0017985073001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- The Franklin Academy, Inc.
- EIN
- 56-2085431
- Plan number
- 001
- Location
- Wake Forest, NC
- Participants
- 221
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $11,662,099
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,662,099
- Employer contributions
- $235,186
- Participant contributions
- $675,262
- Total income / additions
- $2,908,304
- Benefits paid
- $1,146,503
- Administrative expenses
- $1,568
- Total expenses
- $1,148,071
- Net increase / (decrease)
- $1,760,233
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Nwps | N/A | $1,569 | $0 |