Franklin Products, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Franklin Products, Inc.)

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, Franklin Products, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Franklin Products, Inc. under EIN 06-1236512 and plan number 001. The latest loaded filing year is 2023. The filing reports 174 participants and $23,209,612 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Franklin Products, Inc.
EIN
06-1236512
Plan number
001
Plan type
2
Location
Torrington, CT
Latest filing year
2023
Participants
174
End-of-year plan assets
$23,209,612

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023174H, C20241011075617NAL0022375777002

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$23,209,612
Total liabilities (EOY)
$0
Net assets (EOY)
$23,209,612
Net assets (BOY)
$18,933,197

Income & contributions

Employer contributions
$421,331
Participant contributions
$543,956
Total contributions
$965,505
Total income / additions
$4,578,714

Expenses & distributions

Benefits paid
$247,512
Administrative expenses
$54,787
Total expenses
$302,299
Net increase / (decrease)
$4,276,415

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Connecticut Wealth Mgmt LLCINVESTMENT ADVISOR$40,464$02023
Cap Group Retirement Plan ServicesRECORDKEEPER$14,323$02023

Related Form 5500 pages