The Retirement Plan For Employees Of Franklin Savings Bank — Form 5500 plan (Franklin Savings Bank)
Plain-English plan 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, The Retirement Plan For Employees Of Franklin Savings Bank is a benefit plan reported by Franklin Savings Bank under EIN 01-0072660 and plan number 001. The latest loaded filing year is 2023. The filing reports 228 participants and $61,391,633 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Franklin Savings Bank
- EIN
- 01-0072660
- Plan number
- 001
- Plan type
- 2
- Location
- Farmington, ME
- Latest filing year
- 2023
- Participants
- 228
- End-of-year plan assets
- $61,391,633
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 228 | H, C | 20240903061303NAL0030480160001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $61,391,633
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $61,391,633
- Net assets (BOY)
- $54,641,424
Income & contributions
- Employer contributions
- $166,812
- Total contributions
- $166,812
- Total income / additions
- $8,349,635
Expenses & distributions
- Benefits paid
- $1,376,411
- Administrative expenses
- $223,015
- Total expenses
- $1,599,426
- Net increase / (decrease)
- $6,750,209
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Pentegra Retirement Trust | NAMED FIDUCIARY | $201,127 | not reported in the loaded dataset | 2023 |