Franklin Loan Center 401(K) Plan — Form 5500 plan (Franklin Loan Center)
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 Loan Center 401(K) Plan is a benefit plan reported by Franklin Loan Center under EIN 33-0397503 and plan number 002. The latest loaded filing year is 2023. The filing reports 180 participants and $8,699,633 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Franklin Loan Center
- EIN
- 33-0397503
- Plan number
- 002
- Plan type
- 2
- Location
- Palm Desert, CA
- Latest filing year
- 2023
- Participants
- 180
- End-of-year plan assets
- $8,699,633
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 180 | H, C | 20241018133452NAL0064946098001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $8,699,633
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,699,633
- Net assets (BOY)
- $8,261,561
Income & contributions
- Employer contributions
- $224,639
- Participant contributions
- $756,660
- Total contributions
- $1,048,770
- Total income / additions
- $2,283,786
Expenses & distributions
- Benefits paid
- $1,752,649
- Administrative expenses
- $56,882
- Total expenses
- $1,845,714
- Net increase / (decrease)
- $438,072
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Cbiz Benefits & Ins Services | CONTRACT ADMIN | $19,467 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $16,086 | $0 | 2023 |
| Cbiz Investment Advisory Services L | INVESTMENT ADVISOR | $13,250 | not reported in the loaded dataset | 2023 |
| Pensionmark Financial Group LLC | INVESTMENT ADVISOR | $8,450 | not reported in the loaded dataset | 2023 |
| Voya Retirement Insurance & Annuity | SERVICE PROVIDER | $1,400 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Franklin Loan Center
- 2023 Form 5500 filing
- Form 5500 filings in CA
- 401(k) and benefit plan filings in Palm Desert, CA
- Cbiz Benefits & Ins Services — Schedule C compensation
- Empower Annuity Insurance Company — Schedule C compensation
- Cbiz Investment Advisory Services L — Schedule C compensation
- Pensionmark Financial Group LLC — Schedule C compensation
- Voya Retirement Insurance & Annuity — Schedule C compensation