2023 Form 5500 filing — Franklin Loan Center 401(K) 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 20241018133452NAL0064946098001) for Franklin Loan Center 401(K) Plan, reported by Franklin Loan Center under EIN 33-0397503 and plan number 002. It reports 180 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241018133452NAL0064946098001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Franklin Loan Center
- EIN
- 33-0397503
- Plan number
- 002
- Location
- Palm Desert, CA
- Participants
- 180
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $8,699,633
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,699,633
- Employer contributions
- $224,639
- Participant contributions
- $756,660
- Total income / additions
- $2,283,786
- Benefits paid
- $1,752,649
- Administrative expenses
- $56,882
- Total expenses
- $1,845,714
- Net increase / (decrease)
- $438,072
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Cbiz Benefits & Ins Services | CONTRACT ADMIN | $19,467 | not reported in the loaded dataset |
| Empower Annuity Insurance Company | RECORDKEEPER | $16,086 | $0 |
| Cbiz Investment Advisory Services L | INVESTMENT ADVISOR | $13,250 | not reported in the loaded dataset |
| Pensionmark Financial Group LLC | INVESTMENT ADVISOR | $8,450 | not reported in the loaded dataset |
| Voya Retirement Insurance & Annuity | SERVICE PROVIDER | $1,400 | $0 |